Dual ATR Targets

ATR Distance Markers with Percentage Display

This powerful indicator visually displays dynamic support/resistance levels based on the ATR Trailing Stop, while providing clear percentage-based distance measurements to help traders assess risk/reward ratios at a glance.

Key Features:
🔹 Dual Distance Markers - Track two customizable distance multiples (default: 1.0x and 0.35x ATR)
🔹 Percentage-First Display - Shows percentage distances first (more intuitive for multi-timeframe analysis) with exact price differences in parentheses
🔹 Current + Previous Candle Data - Compare current levels with previous candle's values for trend confirmation
🔹 Clean Visual Presentation - Grey info box with white text for optimal readability
🔹 Customizable Settings - Adjust ATR period, multiplier, colors, and visibility

How Traders Use It:
✅ Identify potential profit targets based on volatility-adjusted distances
✅ Gauge stop-loss placement with percentage-based risk assessment
✅ Compare current vs. previous candle distances for momentum shifts
✅ Maintain consistent risk parameters across different instruments

Input Parameters:

ATR Period (default 14)
ATR Multiplier (default 1.1)
Two fully configurable distance markers
Custom colors for each marker
Perfect For:
• Swing traders looking for volatility-based targets
• Position traders managing risk across timeframes
• Anyone who prefers percentage-based analysis over fixed price distances

The indicator plots circular markers (blue) and cross markers (red) at your specified distances from the ATR trailing stop, while the info box keeps all critical data organized in one corner of your chart.

Pro Tip: Combine with trend analysis tools - the distances become more reliable when trading in the direction of the prevailing trend. The percentage display helps maintain consistent position sizing across different priced instruments.