ATR+ (Stop Loss Indicator)

2 thg 11, 2017

This script is designed to aid in back-testing and trade execution.

It displays three sets of values - the teal colored value is the current ATR, the green colored value is your stop loss distance (in pips) below the most recent swing low for long trades, and the red colored value is your stop loss distance (in pips) above the most recent swing high for short trades.

You can change the stop loss settings to base your stop loss on a set pip amount or by however many multiples of the current ATR as you wish (eg. 1.5x ATR).

Feel free to ask any questions or edit the script without permission :)

- Matt.

17 thg 2, 2019

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Minor improvements

4 thg 3, 2019

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Converted ATR and S/L into whole numbers.
Added optional T1 (Profit Target).

4 thg 3, 2019

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Minor improvements to display chart.

4 thg 3, 2019

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Minor improvements.

15 thg 9, 2019

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Converted to Pine Script v4 and cleaned up code to remove unnecessary lines.

1 thg 10, 2020

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Fixed to work on all markets (previously was bugged on some markets)

1 thg 2, 2022

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Updated to Pine Script v5