MyZtrade MTF ATR Zones — Multi-Timeframe ATR-Based Support & Resistance Zones

This indicator draws potential reversal zones (support/resistance) on the chart based on the average High–Low range of higher timeframe bars — Monthly, Weekly, and Daily — independent of the chart's own timeframe.

What It Does

For each enabled timeframe (Monthly / Weekly / Daily), the indicator:

• Calculates the average range (High–Low) over a specified number of the most recent bars in that timeframe (default: 11 bars)

• Plots rectangular resistance and support zones on the chart, offset from the high/low of each bar by the value of this average range

• Labels each zone with the volatility value in points and the timeframe prefix (for example, MN1 2696, W1 1180, D1 340) — useful when multiple timeframes are enabled simultaneously

• Additionally draws the bar's opening price line and the median line within the zone

• Separately tracks the current (not yet closed) bar — its zone moves in real time as the bar develops

Key Features

• Multiple timeframes simultaneously — Monthly, Weekly, and Daily can be enabled independently of one another

• Not tied to the chart's timeframe — you can view monthly zones on an hourly chart, etc.

• Fully customizable appearance — colors, line thickness and style, zone fill/outline, text size

• Serves as a visual guide; does not generate trading signals and does not contain entry/exit logic