OPEN-SOURCE SCRIPT
stelaraX - ATR
stelaraX – ATR
stelaraX – ATR is a volatility indicator based on the Average True Range (ATR). It measures the average price movement over a defined period and provides a clear view of current market volatility independent of price direction.
For advanced AI-based chart analysis and automated volatility evaluation, visit stelarax.com
Core logic
The indicator calculates the Average True Range using a user-defined period.
ATR is derived from the true range, which considers:
* current high minus current low
* absolute difference between current high and previous close
* absolute difference between current low and previous close
The ATR value reflects the average volatility over the selected lookback window.
Visualization
The script plots a single ATR line in a separate indicator pane:
* smooth volatility line
* configurable period length
* customizable line color
* clean and minimal visual design
The indicator does not generate signals and is intended purely for volatility assessment.
Use case
This indicator is intended for:
* measuring market volatility
* defining dynamic stop loss and take profit distances
* position sizing and risk management
* identifying volatility expansion or contraction
* filtering trades based on market conditions
For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – ATR is a volatility indicator based on the Average True Range (ATR). It measures the average price movement over a defined period and provides a clear view of current market volatility independent of price direction.
For advanced AI-based chart analysis and automated volatility evaluation, visit stelarax.com
Core logic
The indicator calculates the Average True Range using a user-defined period.
ATR is derived from the true range, which considers:
* current high minus current low
* absolute difference between current high and previous close
* absolute difference between current low and previous close
The ATR value reflects the average volatility over the selected lookback window.
Visualization
The script plots a single ATR line in a separate indicator pane:
* smooth volatility line
* configurable period length
* customizable line color
* clean and minimal visual design
The indicator does not generate signals and is intended purely for volatility assessment.
Use case
This indicator is intended for:
* measuring market volatility
* defining dynamic stop loss and take profit distances
* position sizing and risk management
* identifying volatility expansion or contraction
* filtering trades based on market conditions
For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.