Daily ATR Lines
This script plots the daily Average True Range lines low and high for each day. Even when using a lower interval it will continue to plot daily lines.
Some traders find this helpful for day trading and consider these as Support and Resistance. For me I use it to see the reasonable move within a day so I can sell options against, I don't necesarily consider them S/R.
For more information on ATR click here.
www.investopedia.com/terms/a/atr.asp
Some traders find this helpful for day trading and consider these as Support and Resistance. For me I use it to see the reasonable move within a day so I can sell options against, I don't necesarily consider them S/R.
For more information on ATR click here.
www.investopedia.com/terms/a/atr.asp
Versionsinformation:
removed the display of the ATR value.
Versionsinformation:
Upgraded to version 4 of PineScript.