ATR Volatility Bands

ATR Volatility Bands is a simple and effective alternative to Bollinger Bands, using the Average True Range (ATR) instead of standard deviation to measure market volatility.

The indicator plots three lines:

A central moving average (SMA or EMA)

An upper band = MA + (ATR × multiplier)

A lower band = MA - (ATR × multiplier)

✅ Features:

Choose between EMA and SMA

Adjustable ATR and MA lengths

Customizable multiplier

🔍 How to use:

Breakouts: Price crossing above/below the bands may indicate strong momentum.

Squeeze Detection: Narrow bands can signal a period of low volatility — potential breakout setup.

Dynamic Support/Resistance: Use bands as zones for pullbacks and targets.

This tool helps traders better adapt to market conditions with volatility-aware levels.