The Basics Alert will trigger if the current (real time) price surpasses the high of the ATR of the previous bar. (can also be set for the Low of the ATR). Each time the follow up candle surpasses the high of the previous ATR, the background will be coloured orange. This makes back testing easier on the eye. This can be turned off. - Colours can be changed. - Can also set a color and alert when the current price surpasses the Low of the ATR of the previous bar. - ATR distance can be changed. - Can be used on different chart types. - Can be used as entry or exits in combination with bots. - Can display only ATR top or bottom or both.
Example An alert will trigger if the price of the current bar surpasses the red dot (ATR) of the previous bar. Alerts can be created on all timeframes, if this is within your Tradingview plan.
Final Words Disclaimer: Please use it with care and at own risk. The owner of this indicator is not liable for any financial losses. Past performance is no guarantee of future returns.