[JL] ATR HL Cloud — Indicator by Jesse.Lau

I am playing ATR now.

This script is made to watch ATR and highest-lowest.

ATR is calculated by max of short period and long period.

Up cloud is lowest price plus ATR * Multi

Dn cloud is highest price decrease ATR* Multi

Higher and higher cloud means up trend

Lower and lower cloud means dn trend

Release Notes:

Plot a mid to detect entry point:
- Up trend, only entry below mid
- Dn trend, only entry above mid

遁一子交易入道 jesselau.com/

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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