20-Candle ATR in Pips (5m only)

This custom indicator displays the Average True Range (ATR) over the last 20 candles on a 5-minute chart, specifically designed for pairs where 1 pip = 0.01.

Key features:
📐 Calculates a simple moving average of the true range over the last 20 five-minute candles.
📋 Outputs the ATR value in a clean table with a green background and white text.
⚠️ Designed exclusively for the 5-minute timeframe – prompts you to switch if you’re on a different one.
📏 Values are shown in pips (e.g., “ATR (20 candles): 9.83 pips”).


This tool is ideal for short-term volatility tracking, scalping strategies, and identifying market conditions where price is expanding or contracting.