ATR Pivot

The indicator calculates the levels by ATR daily range using the equations:

• 1AR = Open + ATR
• -1AS = Open - ATR
• AR 1/2 = Open + (ATR / 2)
• AS -1/2 = Open - (ATR / 2)
• AR 1/4 = Open + (ATR / 4)
• AS -1/4 = Open - (ATR / 4)
• AR 3/4 = Open + ((ATR*3) / 4)
• AS -3/4 = Open - ((ATR*3) / 4)
• AR 2 = Open + (ATR*2)
• AS -2 = Open - (ATR*2)

Parameters

• Period ATR - ATR period
  
• Shift time - shift by time for Open
• Color opening of day - Open line color
  
• Color 1AR, -1AS - 1AR, -1AS line color
  
• Color AR 1/2, AS -1/2 - AR 1/2, AS line color
  
• Color AR 1/4, AS -1/4 - AR 1/4, AS -1/4 line color
• Color AR 3/4, AS -3/4 - AR 3/4, AS -3/4 line color
• Color AR 2, AS -2 - AR 2, AS -2 line color
• Style line - line style
  
• Label - display line label