[GrandAlgo] ATR Trend Matrix

The ATR Trend Matrix is a dynamic trendline indicator designed to help traders visualize market structure using ATR-based trend projections. This tool adapts to price action and highlights potential support and resistance zones based on Average True Range (ATR) calculations.

Key Features

• ATR-Based Trendlines – Calculates and plots dynamic trendlines using an adjustable ATR factor.
  
  
• Multi-Level Matrix System – Provides up to four matrix levels, each customizable with different ATR multipliers.
  
  
• Swing High & Low Detection – Automatically detects market pivots to serve as anchor points for trendlines.
  
  
• Adjustable Trend Length – Fine-tune the sensitivity of trendlines using the Swing Length and Trend-Line Length Multiplier.
  
  
• Auto-Adjustment Mode – When enabled, trendlines update dynamically as ATR evolves.
  
  
• Buy & Sell Signals – Marks potential trade setups when price crosses below or above Matrix Level 1.
  
  

How It Works

• Detects Swing Points – Identifies key highs and lows in the market using the length setting.
  
  
• Plots ATR-Based Trendlines – Calculates trendlines using ATR with user-defined multipliers for four matrix levels.
  
  
• Adjusts Dynamically – If Auto Adjust is enabled, trendlines shift with ATR movements.
  
  
• Identifies Trade Signals – Highlights potential buy/sell zones when price interacts with Matrix Level 1 trendlines.
  
  
• Manages Active Trendlines – Automatically updates and removes trendlines based on price interaction.
  
  

User Settings

General Settings

• ATR Factor – Controls the ATR multiplier for trendline calculation.
  
  
• Swing Length – Defines the number of bars for swing high/low detection.
  
  
• Trend-Line Length Multiplier – Adjusts the extension length of trendlines.
  
  
• Auto Adjust Trendlines – Enables real-time adjustment of trendlines as ATR changes.
  

Matrix Settings

• Matrix Level 1-4 – Enable or disable individual trendline levels.
  
  
• Matrix Factors – Customize the ATR multipliers for each matrix level.
  

Trading Applications

• Trend Confirmation – Use the primary trendline and matrix levels to gauge trend strength.
  
  
• Support & Resistance Zones – ATR-based trendlines can act as dynamic support/resistance.
  
  
• Breakout & Rejection Signals – Identify potential breakouts or reversals when price interacts with matrix levels.
  
  
• Volatility-Based Trading – ATR helps adjust trendlines based on market volatility.
  

The ATR Trend Matrix is a powerful tool for traders who want a dynamic, adaptive trendline system that reacts to market structure and volatility. With customizable settings, multi-level ATR projections, and trade signal detection, this indicator provides a comprehensive approach to price action analysis.