PROTECTED SOURCE SCRIPT
Daily ATR Range Lines x SmartBlackGirl
📊 Daily ATR Range Lines – Project High/Low Targets with Precision
The Daily ATR Range Lines indicator uses the Average True Range (ATR) to project potential high and low price targets for the trading day. These levels reset daily and give traders a statistically based expectation of how far price is likely to move — perfect for intraday decision-making.
🔍 What It Does
Plots daily upper and lower target lines based on a multiple of the ATR (default: 1x ATR).
Levels are calculated after the first 15 minutes of market open to establish direction and volatility.
Highlights realistic price movement boundaries, helping traders identify take-profit or fade zones.
✅ Why Use It
Sets expectations for the day’s range — no more guessing how far price might go.
Helps avoid chasing trades late in the move by showing when price is already extended.
Great for scalping, options trading, or setting realistic price targets.
Can act as support/resistance zones throughout the day.
⚙️ Best Used With
Momentum strategies
Combine with volume confirmation or directional filters to increase accuracy.
Works best on 5-minute or 15-minute charts for intraday traders.
The Daily ATR Range Lines indicator uses the Average True Range (ATR) to project potential high and low price targets for the trading day. These levels reset daily and give traders a statistically based expectation of how far price is likely to move — perfect for intraday decision-making.
🔍 What It Does
Plots daily upper and lower target lines based on a multiple of the ATR (default: 1x ATR).
Levels are calculated after the first 15 minutes of market open to establish direction and volatility.
Highlights realistic price movement boundaries, helping traders identify take-profit or fade zones.
✅ Why Use It
Sets expectations for the day’s range — no more guessing how far price might go.
Helps avoid chasing trades late in the move by showing when price is already extended.
Great for scalping, options trading, or setting realistic price targets.
Can act as support/resistance zones throughout the day.
⚙️ Best Used With
Momentum strategies
Combine with volume confirmation or directional filters to increase accuracy.
Works best on 5-minute or 15-minute charts for intraday traders.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.