DChannel

َDChannel: Atr Channel
This indicator draws dynamic ATR-based zones from the start of each day (or any selected timeframe). It helps traders identify potential support/resistance areas and gauge daily volatility right from the open.

🧠 How It Works
The zones are calculated at the beginning of each day and remain fixed throughout the day.

You can choose any timeframe (15m, 1H, 4H, Daily, Weekly, Monthly, etc.) to base these zones on.

You can also choose whether to use the previous close or the current open as the base level.

🔷 What You See
Multiple volatility channels (main, pattern, trigger) plotted above and below the base level.

Colored bands:

Blue/Orange: Pattern-based zones

Green/Red: Main ATR-based zones

These bands can act as potential entry zones, stop-loss areas, or profit targets.

✅ Suggested Usage
Use the zones daily as key decision levels.

Combine this indicator with confirmation tools like Poibox and IDM indicators to improve entry accuracy.

Works well for intraday and swing traders in Forex, crypto, or stocks.

⚙️ Inputs
Timeframe: Select the higher timeframe to calculate ATR and open level.

Use Previous Close: Optionally use yesterday's close instead of today’s open.

📦 Version
v1.0.0 — Initial public release.

📜 License & Credits
Published under Mozilla Public License 2.0
© Atabaki