ATR Based Support and Resistance Zones [UAlgo] by FX Replay” is an advanced indicator that uses the Average True Range (ATR) to automatically generate dynamic support and resistance zones—perfect for adapting your trading to live market volatility. It’s available directly in TradingView and complements many strategies tested inside FX Replay.

What It Does
Instead of static lines, this indicator creates zones that expand or contract based on recent price movement volatility. It gives you a more responsive view of key levels based on real-time market conditions.

How It Works
The indicator calculates the ATR, which measures the average price fluctuation over a user-defined period.
It then uses that value to adjust support and resistance levels dynamically, ensuring they reflect the current level of volatility in the market.

Why It’s Useful
Volatility-Based Zones: The support and resistance areas shift as volatility changes—giving you smarter, more adaptive key levels.
Clear Visuals: Easily spot where price might bounce, stall, or reverse.
Risk Management: Use ATR-based zones to help calculate your stop-losses, manage position sizing, and confirm trend strength.

How to Use It in FX Replay
Entry/Exit Zones: Plan entries or exits near these zones during your backtesting.
Trend Confirmation: Combine the indicator with market structure to validate trend reversals.
Stop-Loss Calibration: Use ATR-derived zones to place stop-losses at more logical, volatility-aware distances.