ATR Volatility Channel

ATR Volatility Channel

This indicator plots adaptive upper and lower volatility bands using EMA-smoothed highs and lows, expanded by ATR. Unlike Bollinger Bands, it uses true range instead of standard deviation, so the bands expand smoothly and predictably with actual price volatility.

It highlights dynamic support, resistance, and fair value, and can be used for ATR level bounces and trend structure analysis.

Settings:

EMA Length: Smooths the highs and lows to calculate the channel (default: 10)

ATR Length: Period used for the Average True Range (default: 14)

ATR Multiplier: Scales the channel width (default: 2)

Show Upper / Lower / Median