Monthly Atr Range

Monthly Atr Range

Displays monthly expected price ranges based on ATR with percentage levels (+25% to +200%) from the current monthly open. Includes a clean information panel with key statistics.

Monthly ATR Range + Percent + Monthly Open v1.1 This powerful monthly indicator helps traders visually see the expected price movement for the current month based on the Average True Range (ATR). Key Features: • Shows percentage-based levels from the Monthly Open: +25%, +50%, +80%, +100%, +150%, +200% (upper) and corresponding negative levels (lower) • Classic ATR and custom ATR with outlier filter (removes extreme bars) • Clear Monthly Open line (dotted yellow) • Color-coded levels: Lime Green for bullish, Red for bearish • Professional information panel showing: - Current Monthly ATR in points - Distance to +100% and -100% levels - Percentage of the month already passed - Remaining potential movement Perfect for: - Swing traders and position traders - Monthly forecasting and range trading - Setting realistic monthly targets - Understanding volatility cycles The indicator automatically updates every new month and draws levels far into the future for better long-term planning. Works on any financial instrument and any timeframe.