BKN ATR Trading Range

This script allows you to view ATR extremes based on the open of the candle. Average True Range gives you the average move of an asset during a period of time. If you're viewing the Daily timeframe , The Average True Range represents the average size of a move that occurs in a one day timespan over the specified period. Reaching the upper or lower boundary could signify that a trend is reaching exhaustion as the asset is reaching it's expected move for the period.

You can manually set a timeframe to use for the ATR value. By default, we are viewing a Daily timeframe . For lower timeframe trading you may want to look at the hourly or four hour ATR range.