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
114 lines of Pine Script v6 from pinescript/editors_picks/atr-rope.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
ATR Rope moves the line only when price travels beyond an ATR length multiplied by a user multiplier, then colors the rope up, down, or flat from its slope and from source crosses. ATR length and multiplier set the threshold, while toggles show consolidation ranges and an ATR channel on the price chart. The script is truncated before the range drawing logic, and it has no trade entries or exits.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
Source
ATR Len
int
14
len
Multi
float
1.5
multi
Consolidation Ranges
bool
true
rng_tog
ATR Channel
bool
false
atr_tog
Up Color
color
#3daa45
up_col
Down Color
color
#ff033e
down_col
Flat Color
color
#004d92
flat_col
rng_col
color
#004d9233
rng_col
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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