Indicator · Pine Script v6 · On the chart

ATR Pip Control

by ricksimpsontrading· code credited to RickSimpson.

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.

View on GitHub

Repaints

GitHub stars3on the repository
Pine versionv6current
Lines of code244
Settings13inputs
LicenceNone stated
Last update8 days ago20 Oct 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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.

Details

Published by

ricksimpsontrading on GitHub

Code credit

RickSimpson., as written in the script's header

Type

Indicator, Pine Script v6

Draws

On the price chart

Category

Volatility & bands, Support & resistance

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)

Settings

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

SettingTypeDefaultVariable
Show LabelsbooltrueiShowLbl
Bullish Colorcolorcolor.greencolBull
Bearish Colorcolorcolor.redcolBear
ATR Periodint21atrLen
Filter TypestringTickfltType
Min Filter Valueint25fltVal
Upper Coefficientfloat0.8upCoef
Lower Coefficientfloat0.8dnCoef
Show Local EndsbooltrueshowLEnd
Lines to keepint5keepLines
Show BandsboolfalseshowBands
Signal confirmation timingstringClose (100 %)confirmMode
Show all 13 settings
SettingTypeDefaultVariable
Source TF (blank = chart)timeframe60src_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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