This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v6 · On the chart
Auto-ATR Volatility Spike & Trend Tracker
A price-chart indicator by BigBeluga that detects abnormal candle moves either as a fixed percentage or as a multiple of ATR, using candle bodies or full high-to-low range.
GitHub stars1on the repository
Pine versionv6current
Lines of code159
Settings11inputs
LicenceNone stated
Last update2 months ago23 Aug 2026
Add It to Your TradingView Chart
- 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
Each spike is marked with an arrow, a size percentage label and an optional dashed mid-level line. It also draws an ATR-based trailing stop with a fill that follows the trend after a spike. Settings cover detection mode, thresholds, ATR length, trailing multiplier, display toggles and colours.
- Fixed percent or ATR spike detection
- Spike size labels and arrows
- Mid-level dashed line
- ATR trailing stop with fill
Details
Published by
vedkanani123 on GitHub
Code credit
BigBeluga, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Trend
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Detection Mode | string | Auto ATR | modeInput |
| Calculate From Wicks (High/Low) | bool | false | useWicksInput |
| Fixed Spike Threshold (%) | float | 1.0 | thresholdInput |
| ATR Multiplier | float | 2.0 | atrMultInput |
| ATR Length (for Auto-Detection & Trailing) | int | 14 | atrLengthInput |
| Trailing ATR Multiplier | float | 3.0 | atrMultInput1 |
| Display Mid Level Dash Line | bool | true | showMidLine |
| Display Trailing Stop & Fill | bool | true | showTrail |
| Display Size % Labels & Arrow Lines | bool | true | showSize |
| Bullish Theme Color | color | color.rgb(245, 171, 12) | bullColorInput |
| Bearish Theme Color | color | color.rgb(20, 166, 250) | bearColorInput |
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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