ATR Indicator - How to Avoid Getting Stopped out of Trades
In this post we can see how the stops were taken out beyond. the 26600 price level.
For any setup that a noobie trader may place, the SL would be taken out at this level;
However using the ATR indicator we can avoid getting stopped out and keep our trade.
I recommend you watch some videos on this indicator to get a better understanding but the main jist of it is ->
Take a sweep low/high of a range and add/minus the ATR value (on the sweep candle) to get more legroom for price to move (but it will miss your stop)
I hope you find this useful.
For any setup that a noobie trader may place, the SL would be taken out at this level;
However using the ATR indicator we can avoid getting stopped out and keep our trade.
I recommend you watch some videos on this indicator to get a better understanding but the main jist of it is ->
Take a sweep low/high of a range and add/minus the ATR value (on the sweep candle) to get more legroom for price to move (but it will miss your stop)
I hope you find this useful.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.