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OPEN-SOURCE SCRIPT

cATRpiller

By Obi-wanClintobe
Updated
This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
Release Notes
Uses average ATR values to determine range breakouts. When used with strength oscilators, cATRpillar can help identify new trends - or break out opportunities.
Release Notes
This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.

**cATRpillar**
-for some reason, I can't update the name.. oh well.. typos schympo.-
Release Notes
Release Notes: This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.

-When used with a strength oscillator, cATRpillar can be useful in identifying ATR breakouts.

**cATRpillar**
-for some reason, I can't update the name.. oh well.. typos schympo.-
Release Notes
Release Notes: This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.

Useful for identifying trends (normal color scheme), as well as for scalping (invert color scheme and use step lines for re-entry points). When paired with RSI or MACD, cATRpillar can be used to identify new trends and swings.

**cATRpillar**
-for some reason, I can't update the name.. oh well.. typos schympo.-
Release Notes
This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.

Useful for identifying trends (normal color scheme), as well as for scalping (invert color scheme and use step lines for re-entry points). When paired with RSI or MACD, cATRpillar can be used to identify new trends and swings.

**cATRpillar**
-for some reason, I can't update the name.. oh well.. typos schympo.
Release Notes
Fixed a missing input
Release Notes
Fixed another error.
Release Notes
Updated to change transparency values. These values are no longer supported by the platform.
Release Notes
Just a quick update to ad adjustable stop zones for you own ruleset :D
Release Notes
Removed accidental drawings :P
Release Notes
Added an SMA line for first close calculating. Second close can be the opposite atr line.
Release Notes
Adjusted the chart to be more appealing
Release Notes
Blah again
Release Notes
And Blah a final time
ATRbreakoutCandlestick AnalysisrangetradingreversalscalpingSupport and ResistancetrendTrend Analysis

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 publication is governed by House rules. You can favorite it to use it on a chart.

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Obi-wanClintobe

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