Trend Zones & ATR Targets[CongTrader]

TrendZones ATR is a dynamic trend and support/resistance indicator that combines Hull Moving Average (HMA) smoothing, mid-price analysis, and ATR-based targets to identify precise trading zones and risk levels.
Key Features:

Adaptive Trend Zones — Calculates upper, midline (CoG), and lower borders from smoothed mid-price, adapting to market volatility.
Trend Classification — Detects uptrend, downtrend, or sideways conditions using slope-based logic.
Safe Level & Logical Stop — Automatically sets risk levels according to price zone classification.
Flexible TP Methods — Choose between %-based or ATR-based take-profit targets.
Optional ATR Support Zone — Adds an ATR-based support level for stronger confluence.
Risk & Zone Width Table — Displays real-time risk and channel width data on the chart.
How to Use:
Apply the indicator to any symbol and timeframe.
Identify market zones with color-coded fills.
Align trades with the detected trend direction.
Use Safe Level or Logical Stop for stop-loss placement.
Set TP targets using either % or ATR multiplier.
Combine with your own trade confirmation method for optimal results.
Acknowledgment:
Thanks to the TradingView community for inspiration and feedback. This script is original work by CongTrader.
Disclaimer:
This script is for educational purposes only and does not constitute financial advice. Trading carries risk and may not be suitable for all investors. Do your own research before making any trading decisions. The author is not responsible for any losses resulting from the use of this script.

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