ATR 0.5x & 1x Distance (Horizontal)

What this version does (no ambiguity)

Plots true horizontal dashed lines

One at ±0.5 × ATR

One at ±1.0 × ATR

Lines extend to the right (proper levels, not floating spaghetti)

ATR is calculated from the active chart timeframe

30m chart → 30m ATR

1H chart → 1H ATR

Clean, stable, no repainting tricks

Important detail (this matters for your strategy)

The lines are anchored to a reference price, which is currently configurable:

Default: close

You can change it to:

VAH

VAL

POC

Any plotted level

This is exactly what you want for:

“How far beyond value has price gone in ATR terms?”

How you’ll likely use this in practice

For your mean-reversion framework:

Anchor Reference Price = VAH or VAL

Treat:

0.5× ATR → probabilistic rejection zone

1.0× ATR → acceptance / thesis failure

No more eyeballing. No more dragging stops because “the candle looked angry.”