Visual ATR Stop

9 thg 12, 2024

This indicator uses the Average True Range (ATR) to display a visual range for stop placement. Two multiplier values (example, 1 and 3) can be set to create a filled area below the price. This area represents the range between the two ATR levels, adjusted by subtracting the current price, providing a simple way to visualize stop-loss placement based on volatility.

The indicator is customizable; for example, negative values can place the area above the price for short positions. The filled color can also be removed, which allows precise levels to be marked above and below.

23 thg 4

Phát hành các Ghi chú

• Changed default ATR lookback from 14 to 20.
  
• Default ATR multiplier interval set to 1.25 – 3
  
• Added "Invert Values" option for short-side visualization.
  
• Made line color more subtle and fill more neutral.
  

23 thg 4

Phát hành các Ghi chú

Labels