ATR Spike Kienthogo

ATR Spike Kienthogo
This indicator, titled "ATR Spike Kienthogo", is designed to visualize volatility spikes in the market by comparing the current Average True Range (ATR) against a dynamic threshold. The threshold is calculated as an EMA-smoothed ATR multiplied by a user-defined factor. When the current ATR exceeds this threshold, the indicator highlights it as a spike event, further classified by price direction (up or down).

The script features:

Configurable ATR smoothing methods: RMA, SMA, EMA, WMA.

Customizable spike detection threshold via spike_multiple.

Conditional color plotting of ATR:

Spike + Price Up → Green

Spike + Price Down → Red

Non-spike → User-defined neutral color, adaptive to candle direction (greenish for bullish candles, reddish for bearish candles).

This script is especially useful for:

Detecting volatility expansions.

Enhancing entry/exit timing during strong directional moves.

Confirming breakout strength or trap signals in low-volatility regimes.

The logic maintains clean separation between spike vs. non-spike conditions and offers full control over color coding for better visual integration in multi-indicator environments.