ATR Bands with SL and TP

ATR Bands with SL and TP (TanTechTrades™)

This indicator uses the Average True Range (ATR) to dynamically calculate stop-loss and take-profit levels around the current price.

🔹 Features

Adjustable ATR period for volatility sensitivity

Separate multipliers for stop-loss and take-profit

Plots long/short SL and TP levels simultaneously

Color-coded bands for quick visual reference (orange = SL, blue = TP)

🔹 How to Use

For long positions: SL is plotted below price, TP above price.

For short positions: SL is plotted above price, TP below price.

The wider the ATR, the further the levels adjust, reflecting higher volatility.

This tool helps traders set volatility-based exits instead of fixed pip/point levels, making risk management more adaptive to market conditions.

⚠️ Disclaimer: For educational purposes only. Not financial advice.