OPEN-SOURCE SCRIPT
goats ATR signals
📘 Educational Overview
This script is built for traders and students of the markets who want to understand how momentum, trend filtering, and trade planning can work together in a visual and rule-based environment.
At its core, it uses the Average True Range (ATR) to detect high-volatility breakout opportunities. Signals are only triggered when volatility exceeds a configurable threshold and are further filtered by two layers of EMA cloud trends—helping learners see how multi-timeframe confluence improves trade quality.
Once a signal is triggered, the script automatically calculates entry, stop-loss, and take-profit levels based on tick distance and reward/risk logic. These levels are drawn directly on the chart with transparent boxes and dotted lines, giving traders a clear sense of how risk is defined and how structured trade planning can work.
Additional tools include:
VWAP for intraday bias learning.
A 420-period WMA Bollinger band to demonstrate long-term mean reversion zones.
An optional trade history table that tracks and displays simulated trade outcomes for review and study.
This indicator is not for live trading—it is meant to help traders:
Study how volatility and trend signals interact.
Visually understand trade management structures.
Build intuition around risk/reward scenarios and backtest logic.
⚠️ This is for educational use only. It is not a trading signal service or financial advice. The goal is to support learning and strategy development in a transparent, rule-based way.
This script is built for traders and students of the markets who want to understand how momentum, trend filtering, and trade planning can work together in a visual and rule-based environment.
At its core, it uses the Average True Range (ATR) to detect high-volatility breakout opportunities. Signals are only triggered when volatility exceeds a configurable threshold and are further filtered by two layers of EMA cloud trends—helping learners see how multi-timeframe confluence improves trade quality.
Once a signal is triggered, the script automatically calculates entry, stop-loss, and take-profit levels based on tick distance and reward/risk logic. These levels are drawn directly on the chart with transparent boxes and dotted lines, giving traders a clear sense of how risk is defined and how structured trade planning can work.
Additional tools include:
VWAP for intraday bias learning.
A 420-period WMA Bollinger band to demonstrate long-term mean reversion zones.
An optional trade history table that tracks and displays simulated trade outcomes for review and study.
This indicator is not for live trading—it is meant to help traders:
Study how volatility and trend signals interact.
Visually understand trade management structures.
Build intuition around risk/reward scenarios and backtest logic.
⚠️ This is for educational use only. It is not a trading signal service or financial advice. The goal is to support learning and strategy development in a transparent, rule-based way.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.