Weekly Atr Range

Displays weekly expected price ranges based on ATR with percentage levels (+25% to +200%) from the current weekly open. Includes a clean information panel with key statistics.

Weekly ATR Range + Percent + Weekly Open v1.1 Powerful weekly indicator that helps traders visually see the expected price movement for the current week based on the Average True Range (ATR). Key Features: • Shows percentage-based levels from the Weekly Open: +25%, +50%, +80%, +100%, +150%, +200% (upper) and corresponding negative levels (lower) • Two ATR calculation modes: Classic ATR and ATR with Outlier Filter • Clear Weekly Open line (customizable color and style) • Color-coded levels: Lime Green for bullish, Red for bearish • Professional information panel with key statistics • Level labels for better readability • Lines extend several weeks into the future Informative Panel shows: - Current Weekly ATR value in points - Distance to +100% and -100% levels in points - Percentage of the week already passed - Remaining potential movement in points Settings: • ATR Period (default 14) • ATR Type: Classic ATR or ATR with Outlier Filter • Show/Hide each percentage level individually (±25%, ±50%, ±80%, ±100%, ±150%, ±200%) • Line width for each level • Upper levels color and Lower levels color • Weekly Open line: show/hide, color, style, width • Show/Hide level labels • Label font size • Show/Hide Information Panel • Panel font size • Outlier Filter multipliers (Min and Max) Perfect for: - Swing traders and short-term position traders - Weekly range trading and volatility analysis - Setting realistic weekly targets - Understanding weekly market cycles The indicator automatically updates every new week and works on all financial instruments and any timeframe.