This script plots the daily Average True Range lines low and high for each day. Even when using a lower interval it will continue to plot daily lines.
Some traders find this helpful for day trading and consider these as Support and Resistance. For me I use it to see the reasonable move within a day so I can sell options against, I don't necesarily consider them S/R.
I love this indicator. If I may suggest including the Daily ATR value in a box on the chart or next to the indicator (top left) so we know the distance being projected high and low? I set TP/SL based on a percentage of the Daily ATR value, it would be nice to see this without having to add another indicator to clutter up the chart!
Ex: 10 Day ATR = 60 pips
mrfizzy
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hi, please help to do hourly
Investorito
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@mrfizzy, This will work if you change the chart to hourly. But the measure is from a daily chart
lukemacauley
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Hi, wondering if it would be possible to have this script only show today's ATR please?
Ex: 10 Day ATR = 60 pips