Daily ATR Range Lines x SmartBlackGirl

📊 Daily ATR Range Lines – Project High/Low Targets with Precision

The Daily ATR Range Lines indicator uses the Average True Range (ATR) to project potential high and low price targets for the trading day. These levels reset daily and give traders a statistically based expectation of how far price is likely to move — perfect for intraday decision-making.

🔍 What It Does
Plots daily upper and lower target lines based on a multiple of the ATR (default: 1x ATR).

Levels are calculated after the first 15 minutes of market open to establish direction and volatility.

Highlights realistic price movement boundaries, helping traders identify take-profit or fade zones.

✅ Why Use It
Sets expectations for the day’s range — no more guessing how far price might go.

Helps avoid chasing trades late in the move by showing when price is already extended.

Great for scalping, options trading, or setting realistic price targets.

Can act as support/resistance zones throughout the day.

⚙️ Best Used With
Momentum strategies

Combine with volume confirmation or directional filters to increase accuracy.

Works best on 5-minute or 15-minute charts for intraday traders.