indicator · on price · open source

ATR Bands

Deepwick · @deepwickv1Updated 2 Oct 2026▲ 0 users

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About

ATR Bands wrap a smoothed moving average with parallel ATR envelopes — a cleaner ride channel than Keltner that uses fixed ATR rather than the KC rolling formula.

Outer rails are common stop and target levels.
Slope of the mid line tells you the trend direction.

Source code

//@version=5
indicator("ATR Bands", overlay=true)
len = input.int(20, "EMA / ATR length", minval=2, maxval=200)
mult = input.float(2, "ATR multiplier", minval=0.1, maxval=10, step=0.1)
src = input.source("close", "Source")
m = ta.rma(src, len)
upper = m + ta.atr(len) * mult
lower = m - ta.atr(len) * mult
p_ATR_Mid = plot(m, "ATR Mid", color=color.orange, linewidth=2)
p_ATR_Upper = plot(upper, "ATR Upper", color=color.teal)
p_ATR_Lower = plot(lower, "ATR Lower", color=color.teal)
fill(p_ATR_Upper, p_ATR_Lower, color=color.new(color.teal, 90))
alertcondition(ta.crossover(close, upper), "Above upper", "Close crossed above the ATR upper band")
alertcondition(ta.crossunder(close, lower), "Below lower", "Close crossed below the ATR lower band")

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