OPEN-SOURCE SCRIPT

ATR Multiples Plotted

Actualizado
Inspired by @jeffsuntrading and @Fred6724's ATR% multiple from 50-MA.

There are no catch-all values, however a high of 6 and a low of -4 generally has been valuable to me. I tend to look at the historical highs and lows of the indicator, and adjust the Value High and Value Low accordingly to get an idea when profit-taking may be sensible.

The essence is the difference between price and the selected moving average, measured in ATRs.
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Added custom ATR Length
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Added optional 0-line
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Tidied and clarified some of the code.

--Currently working on an 'Adaptive Mode', which will calculate and plot the upper and lower values based on the selected average's historical turning points
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Added quick reference table to show the dollar value of your chosen Value High and it's upside percentage.

Comes in handy when scanning or evaluating Pre/Post-Market moves. See ATRx6 value and AMZN pre-market value of ~$170 on 02/02/2024 for example.
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Chart
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Added option to allow percentage based calculations, which is how Jeff Sun's indicator is calculated.

Some changes and clarification to the table, see the tooltips for guidance.
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Chart update
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Fixed typos in table
Average True Range (ATR)Cyclesforecasting

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