Open, Open +/- EMA ATR Lines with Labels

AOSSA_Traders Mis à jour   
This indicator provides traders with a clear visualization of the opening price and its potential movement range for a specific timeframe, based on the Exponential Moving Average (EMA) of the Average True Range (ATR).


Opening Price Line: A green line representing the opening price for the chosen timeframe.
EMA ATR Lines:
An upper blue line, calculated as the opening price plus the EMA of the ATR.
A lower blue line, calculated as the opening price minus the EMA of the ATR.
Labels: Each line comes with a label on its right side, displaying the price level and, for the EMA ATR lines, the distance in pips from the opening price.
Custom Timeframes: Users can select their desired timeframe for calculations, making this tool versatile for different trading strategies.


The EMA-smoothed ATR provides a measure of volatility. By plotting this value above and below the opening price, traders get a sense of potential price movement for the selected timeframe. This can be particularly useful for setting stop losses, take profit levels, or identifying breakout points.

For instance, if the price breaks above the upper EMA ATR line, it might indicate a potential upward move, especially if other market conditions align.


Timeframe: Choose from various timeframes like 1-minute, 5-minutes, daily, weekly, and more.
ATR Length: Adjust the length of the ATR for more or less sensitivity.

This indicator is designed to offer traders a quick way to gauge potential price movement for their chosen timeframe. By combining the principles of the opening price and volatility measured by the EMA-smoothed ATR, it provides a straightforward yet powerful tool for various trading scenarios.
Notes de version:
Color correction update
Notes de version:
Timeframe selection updated.
Notes de version:
Labels moved so they do not obstruct current price action.
Labels contrasted for easier reading.
Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

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