This indicator uses the previous period close and +/- 1 ATR to display significant day, multiday, swing, and position trading levels including:
- Trigger clouds for possibly going long/short @ 23.6 fib - Mid-range level at 61.8 fib - Full range level at +/- 1 ATR (from previous close) - Extension level at 161.8 fib
Additionally, a convenient info table is provided that shows trend, range utilization, and numerical long/short values.
This indicator is most beneficial when you combine it with price, volume, and trend analysis. For educational content please check out the indicator website at atrlevels.com.
I am constantly improving this indicator, please use this one if you want to continue to get new features, bug fixes, and support.
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Added a full 2 ATR extension set. Overhauled Trend Label based on Saty Pivot Ribbon
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Added plot titles for easier identification.
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Added Long-term mode. Useful with indexes in particular.
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Added 3 ATR extensions.
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- Added additional fib levels (optional). Note: Only available up to 2 ATR. - Cleaner ATR Levels and transitions - Trend label is merged into header to save space in the info box - Extensions are now on by default - Settings is cleaned up and simplified. NOTE: This will likely not be compatible with your saved templates and settings.
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Added back the ability to change the previous close color.
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- Fixed a typo on the Level Size label in Settings - Fixed a bug with the color assigned to the key 123.6% and 223.6% levels.
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Fixed a bug where the 0.786 levels were being miscalculated.
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Small quality of life improvement. ATR, key, and intermediate targets all have different colors. So 1 ATR and 61.8% are back to being differentiated.
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By popular request I have: - Turned on all levels by default - Turned off extensions by default