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CapitalMastery

Opening Trend Bounce

CapitalMastery Updated   
Average True Range (ATR) bounce
115
2
averagetruerange bounce
Custom indicator that helps me with bounce plays. This indicator plots lines based on ATR; a line is added at every 25% of an ATR. The shaded columns at the beginning of the day are time based bounce zones; stocks that bounce, typically do so within those zones.
Release Notes:
Cleaned up code, and removed unused code that was commented out.
Release Notes:
Added a better example chart, to show the usefulness of the indicator.
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.

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