Haniva ATR

15 mag

Haniva ATR Indicator

This indicator is fully based on ATR (Average True Range) calculations and is designed for analyzing behavior of price movement. It is tailored for traders who follow the BPM style.

Applications of the indicator:

1- Yellow candles represent inside bars, and you can trade them with inside bar hunt setup.

2- The ATR table calculates Average True Range values across multiple timeframes for better volatility assessment.

3- The Stop Loss & Target table provides suggested stop loss and target levels, dynamically calculated based on each timeframe’s ATR.

4- Long shadows (wicks) are highlighted in the chart, and their 50% zones are clearly marked to assist with identifying potential reversal or reaction points.

5- The indicator also defines key percentages used to determine the leg timeframe, helping traders align their setups with market structure.

21 mag

Note di rilascio

What are the yellow candles?
These are inside bar candles, and you can disable their visibility by going into the indicator settings and turning off the “Bar Color” option. Highlighting inside bars helps you trade profitable setups such as inside bar breaks or tick fractals more easily.

Another key feature of this indicator is that it eliminates the need to manually calculate 240% ATR levels and other percentages for timeframe analysis.
For example, suppose you want to measure a leg and determine its timeframe. The leg is 1341 pips long. Normally, you'd have to calculate 240% ATR of the current timeframe and the higher one, then compare the leg length.
Now you don’t have to. The table on the right automatically calculates these values for you—just compare.
In this example, the leg is 1330 pips, 240% ATR is 1140 pips, and the 240% ATR of the higher timeframe is 2438 pips. This means the leg belongs to the current timeframe.
We also provide 360% ATR for easier pivot recognition, and 80% and 120% ATR for drawing reference zones, reflecting the natural movement tolerance of each timeframe.

Important note: These ATR calculations use a blend of multiple ATR periods to reduce error. However, keep in mind that as with any average-based logic, some tolerance always exists.

The indicator also identifies candle types. Just hover your mouse over the top wick of a candle, and it will show its classification. Candle types such as spinning, standard, long, spike, and even master candle (a subtype of standard) are recognized and labeled.

The bottom-right table displays the ATR values of all timeframes, which you can also use manually if needed. These values are calculated using a multi-period ATR blend for maximum precision.

The bottom-left table shows calculated stop loss and target levels for each timeframe, based on the average price movement (ATR) of that specific timeframe. So if you’re trading on the daily chart, you can set your stop and target directly using the daily values.

The indicator also highlights long shadows on the chart. You can trade them using the 50% line as an entry point, and place your stop and target using the calculated table values.

In the latest version, you can also display higher timeframe candles over your current lower timeframe chart in two visual styles. This helps in multi-timeframe analysis while staying on your active trading timeframe.

21 mag

Note di rilascio

Higher timeframe candle boxes were removed to prevent the indicator from slowing down.
This indicator will be released separately soon