Skip to content

Latest commit

 

History

History
38 lines (20 loc) · 1.15 KB

README.md

File metadata and controls

38 lines (20 loc) · 1.15 KB

EMA ± ATR Channel (True Range)

TradingView adaptive EMA channel with ATR-based volatility bands

This TradingView indicator can be useful for swing trading, intraday setups, and managing risk on high-volatility stocks.

This script plots a dynamic price channel around a configurable EMA using the Average True Range (ATR, Wilder’s True Range) as a volatility buffer.

Upper band = EMA + (ATR × multiplier)

Lower band = EMA – (ATR × multiplier)

Features:

  • Adjustable EMA length, ATR length, and ATR multiplier

  • Visual channel fill between upper and lower bands

  • Optional on-chart help panel with practical combos

Practical Combos for Volatile Stocks:

  • EMA 20 + ATR 14 × 2.0 → most common swing trading setup

  • EMA 10 + ATR 14 × 1.5 → very responsive, good for intraday/high-beta names

  • EMA 20 + ATR 20 × 2.5 → smoother, wider channel, avoids whipsaws in chaotic stocks

Use cases:

  • Identify dynamic support/resistance zones

  • Volatility-based stop-loss & take-profit placement

  • Spot overextensions from the trend midline

TradingView publication link

https://www.tradingview.com/script/n0I1HsmJ-EMA-ATR-Channel-True-Range/