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ATR Momentum Histogram

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ATR Momentum Histogram is a simple yet powerful tool that combines price action, ATR volatility, and trend filters to visualize market momentum.

🔍 Key Features:

ATR Histogram Bars: Plots the Average True Range (ATR) as a histogram to highlight volatility expansion or contraction.

Momentum Filter: Compares current price and ATR with values from N bars ago to determine bullish or bearish momentum.

EMA Trend Filter: A 9-period EMA helps identify the prevailing trend and filters signals accordingly.

Color-Coded Bars:

🟢 Green: Strong bullish momentum (price and ATR rising above EMA)

🔴 Red: Strong bearish momentum (price and ATR falling below EMA)

🟢/🔴 Faded Bars: Weaker trend continuation with less conviction

📈 How to Use: Use this indicator to confirm trend strength, identify high-momentum breakout conditions, or avoid low-volatility chop zones. Works well as a secondary confirmation tool in trend-following or breakout strategies.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.