Pivot ATR Zones [v6]

🟩 Pivot ATR Zones [v6]
Overview:
The Pivot ATR Zones indicator plots dynamic support and resistance zones based on pivot highs and lows, combined with ATR (Average True Range) volatility levels. It helps traders visually identify potential long and short trade areas, along with realistic target and stop loss zones based on market conditions.

Features:

Automatically detects pivot highs and lows

Draws ATR-based entry zones on the chart

Plots dynamic take-profit and stop-loss levels using ATR multipliers

Color-coded long (green) and short (red) zones

Entry arrow markers for clearer trade visualization

Real-time alerts when new zones form

Best For:
Scalpers, intraday traders, and swing traders who want a visual, volatility-aware way to mark potential trade areas based on key pivot structures.

How to Use:

Look for newly formed green zones for long opportunities and red zones for short setups.

Use the dashed lines as dynamic take-profit and stop levels, tuned to the current ATR value.

Combine with other confirmation tools or indicators for optimal results.