stelaraX - ATR

stelaraX – ATR

stelaraX – ATR is a volatility indicator based on the Average True Range (ATR). It measures the average price movement over a defined period and provides a clear view of current market volatility independent of price direction.

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Core logic

The indicator calculates the Average True Range using a user-defined period.

ATR is derived from the true range, which considers:

* current high minus current low
* absolute difference between current high and previous close
* absolute difference between current low and previous close

The ATR value reflects the average volatility over the selected lookback window.


Visualization

The script plots a single ATR line in a separate indicator pane:

* smooth volatility line
* configurable period length
* customizable line color
* clean and minimal visual design

The indicator does not generate signals and is intended purely for volatility assessment.


Use case

This indicator is intended for:

* measuring market volatility
* defining dynamic stop loss and take profit distances
* position sizing and risk management
* identifying volatility expansion or contraction
* filtering trades based on market conditions

For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com


Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.