ATR Levels: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

29 lines of Pine Script v6 from examples/indicators/07_atr_levels.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

07_atr_levels.pine

//@version=6
// ATR Dynamic Support/Resistance Levels — github.com/trugurpala/pinescriptv6
// Author: Ugur Pala · mail@ugurpala.com
indicator("ATR Levels [trugurpala]", overlay=true)

// ── Inputs ───────────────────────────────────────────────────────────────────
int   atrLen = input.int(14, "ATR Length", minval=1)
float mult1  = input.float(1.0, "Level 1", step=0.1)
float mult2  = input.float(2.0, "Level 2", step=0.1)
float mult3  = input.float(3.0, "Level 3", step=0.1)

// ── Calculations ─────────────────────────────────────────────────────────────
float atrVal = ta.atr(atrLen)
float basis  = ta.sma(close, atrLen)

// ── Visuals ──────────────────────────────────────────────────────────────────
plot(basis,               "Basis", color.orange, linewidth=2)
plot(basis + mult1*atrVal,"R1",    color.new(color.red,   50))
plot(basis + mult2*atrVal,"R2",    color.new(color.red,   30))
plot(basis + mult3*atrVal,"R3",    color.red,             linewidth=2)
plot(basis - mult1*atrVal,"S1",    color.new(color.green, 50))
plot(basis - mult2*atrVal,"S2",    color.new(color.green, 30))
plot(basis - mult3*atrVal,"S3",    color.green,           linewidth=2)

if barstate.islast
    label.new(bar_index + 2, basis + mult3*atrVal,
        "ATR: " + str.tostring(math.round(atrVal, 2)),
        style=label.style_label_left,
        color=color.new(color.gray, 70), textcolor=color.white)

Overview

ATR Levels plots a central basis line along with dynamic support and resistance levels derived from multiples of the ATR. The main settings control the ATR length and the multipliers for the three resistance and three support levels. It draws all plots directly on the price chart. The levels update in real time as new price bars form. There are no entry or exit rules since this is not a strategy. It has no stop loss or position sizing.

ATR support resistance levels
basis SMA line
ATR dynamic pivots
multiplier level inputs
price chart overlays

Details

Published by

trugurpala on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

examples/indicators/07_atr_levels.pine

Repository

github.com/trugurpala/pinescriptv6. See its other scripts in the library

Topics

aialgorithmic-tradingclaude-codecodexcoding-agentsgithub-copilotopen-sourcepine-scriptpine-script-v6technical-analysis

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
ATR Length	`int`	`14`	`atrLen`
Level 1	`float`	`1.0`	`mult1`
Level 2	`float`	`2.0`	`mult2`
Level 3	`float`	`3.0`	`mult3`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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