ATR Pip Control is a volatility indicator that computes the Average True Range over a user-specified period and plots adaptive upper and lower bands around price using coefficients for band width.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
ATR Pip Control applies a minimum filter size in ticks or pips to validate signals and colors triangles green for bullish and red for bearish. The script draws dashed local end lines at detected highs and lows, optional bands for context, and labels on the price chart. Settings control ATR length, filter type, band coefficients, lines to keep, and signal confirmation mode. It repaints on the live bar.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show Labels
bool
true
iShowLbl
Bullish Color
color
color.green
colBull
Bearish Color
color
color.red
colBear
ATR Period
int
21
atrLen
Filter Type
string
Tick
fltType
Min Filter Value
int
25
fltVal
Upper Coefficient
float
0.8
upCoef
Lower Coefficient
float
0.8
dnCoef
Show Local Ends
bool
true
showLEnd
Lines to keep
int
5
keepLines
Show Bands
bool
false
showBands
Signal confirmation timing
string
Close (100 %)
confirmMode
Show all 13 settings
Setting
Type
Default
Variable
Source TF (blank = chart)
timeframe
60
src_tf
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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