Zen ABR Range Bands: 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

53 lines of Pine Script v6 from indicators/Zen-ABR-Range-Bands/zen-abr-range-bands-v1.0.txt, published under MIT. Keep the author's credit and licence lines when you reuse it.

zen-abr-range-bands-v1.0.txt

//@version=6
indicator("Zen ABR Range Bands v1.0", overlay=true)

// ============================================================
// INPUTS
// ============================================================

// --- Moving Average ---
showEMA  = input.bool(true, "Show EMA", group="Moving Average")
emaLen   = input.int(20, "EMA Length", minval=1, group="Moving Average")
emaColor = input.color(color.new(#1A1A1A, 50), "EMA Color", group="Moving Average")

// --- ABR Bands (8-bar ABR, multiplied 1x / 2x / 3x / 4x) ---
show1x = input.bool(true,  "Show 1x ABR Band", group="ABR Bands")
col1x  = input.color(color.new(#2B2B2B, 50), "1x ABR Color", group="ABR Bands")

show2x = input.bool(false, "Show 2x ABR Band", group="ABR Bands")
col2x  = input.color(color.new(#404040, 50), "2x ABR Color", group="ABR Bands")

show3x = input.bool(false, "Show 3x ABR Band", group="ABR Bands")
col3x  = input.color(color.new(#595959, 50), "3x ABR Color", group="ABR Bands")

show4x = input.bool(false, "Show 4x ABR Band", group="ABR Bands")
col4x  = input.color(color.new(#737373, 50), "4x ABR Color", group="ABR Bands")

lineWidth = input.int(1, "Band Line Width", minval=1, maxval=4, group="ABR Bands")

// ============================================================
// CALCULATIONS
// ============================================================

emaVal = ta.ema(close, emaLen)

barRange = high - low
abr8 = ta.sma(barRange, 8)   // ABR lookback fixed at 8 — sacrosanct, never change

// ============================================================
// PLOTS
// ============================================================

plot(showEMA ? emaVal : na, title="EMA", color=emaColor, linewidth=2)

plot(show1x ? emaVal + abr8 * 1 : na, title="1x ABR Upper", color=col1x, linewidth=lineWidth)
plot(show1x ? emaVal - abr8 * 1 : na, title="1x ABR Lower", color=col1x, linewidth=lineWidth)

plot(show2x ? emaVal + abr8 * 2 : na, title="2x ABR Upper", color=col2x, linewidth=lineWidth)
plot(show2x ? emaVal - abr8 * 2 : na, title="2x ABR Lower", color=col2x, linewidth=lineWidth)

plot(show3x ? emaVal + abr8 * 3 : na, title="3x ABR Upper", color=col3x, linewidth=lineWidth)
plot(show3x ? emaVal - abr8 * 3 : na, title="3x ABR Lower", color=col3x, linewidth=lineWidth)

plot(show4x ? emaVal + abr8 * 4 : na, title="4x ABR Upper", color=col4x, linewidth=lineWidth)
plot(show4x ? emaVal - abr8 * 4 : na, title="4x ABR Lower", color=col4x, linewidth=lineWidth)

Overview

Zen ABR Range Bands plots the EMA on the price chart along with optional bands at multiples of the ABR (1x, 2x, 3x, 4x) centered on the EMA. Users enable or disable individual bands and customize their colors and line widths via inputs. The main settings adjust the EMA length, colors for each band level, and overall band thickness. It draws all elements directly on the price chart as visual range and volatility reference lines with no entry or exit rules.

ABR Bands
EMA
Range Bands
Volatility Bands
ATR-like Bands

Details

Published by

Zen-Tim 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

indicators/Zen-ABR-Range-Bands/zen-abr-range-bands-v1.0.txt

Repository

github.com/Zen-Tim/zen-trading-tech-public. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
Show EMA	`bool`	`true`	`showEMA`
EMA Length	`int`	`20`	`emaLen`
EMA Color	`color`	`color.new(#1A1A1A, 50)`	`emaColor`
Show 1x ABR Band	`bool`	`true`	`show1x`
1x ABR Color	`color`	`color.new(#2B2B2B, 50)`	`col1x`
Show 2x ABR Band	`bool`	`false`	`show2x`
2x ABR Color	`color`	`color.new(#404040, 50)`	`col2x`
Show 3x ABR Band	`bool`	`false`	`show3x`
3x ABR Color	`color`	`color.new(#595959, 50)`	`col3x`
Show 4x ABR Band	`bool`	`false`	`show4x`
4x ABR Color	`color`	`color.new(#737373, 50)`	`col4x`
Band Line Width	`int`	`1`	`lineWidth`

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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