Average True Range Multiplied (Volatility Stop)

Plots crosses above and below the current price giving you the ability to quickly set your stop loss (or the 1st profit target) depending on a custom variable by which the average true range is multiplied with the option to specify the length as well as the type of the moving average (RMA, SMA, EMA or WMA) that are taking into account.
Optionally, you can disable showing of the crosses on the chart and just let the indicator display the calculated value by itself.

Phát hành các Ghi chú

The default multiplier value now set to 1.618.

Phát hành các Ghi chú

Fixed a bug with scaling on some charts.

Phát hành các Ghi chú

Removed the plot function for the calculated value as it messed up with the overall scale on futures charts.

Phát hành các Ghi chú

Now showing the actual ATRM value (next to the indicator title).

Mã nguồn mở

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

skullp

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Mã nguồn mở

skullp