OPEN-SOURCE SCRIPT
ATR % + Pump Detector
📘 **ATR % + Pump Detector (Fixed 0.10%)**
This indicator combines two powerful volatility tools in one:
- **ATR % Display (Blue):**
Calculates the Average True Range as a percentage of price. Triggers an alert when ATR % exceeds **0.10%**, signaling rising volatility and potential breakout conditions.
- **Pump % Detector (Red):**
Measures the percentage change from **open to close** of the current candle. Triggers alerts when the move exceeds **+0.10%** (pump) or **–0.10%** (dump), helping you catch sudden price spikes in real time.
🔹 **Top-right display** shows both metrics in a clean table
🔹 Works on **any timeframe**
🔹 Ideal for **momentum trading, breakout entries**, or filtering low-vol setups
This indicator combines two powerful volatility tools in one:
- **ATR % Display (Blue):**
Calculates the Average True Range as a percentage of price. Triggers an alert when ATR % exceeds **0.10%**, signaling rising volatility and potential breakout conditions.
- **Pump % Detector (Red):**
Measures the percentage change from **open to close** of the current candle. Triggers alerts when the move exceeds **+0.10%** (pump) or **–0.10%** (dump), helping you catch sudden price spikes in real time.
🔹 **Top-right display** shows both metrics in a clean table
🔹 Works on **any timeframe**
🔹 Ideal for **momentum trading, breakout entries**, or filtering low-vol setups
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.