PluePhantom's Trailing Stop Loss Multiple of ATR

This is a simple trailing stop loss line for long and short positions, made by Bluephantom using PS v2. I converted it onto v5

It is calculated as a multiple of the ATR instead of a percentage.

You are able to change the multiple and the ATR length.

It can be used as a guide to where you should consider putting in your stop loss on a trade and to where you should move your stop loss to as the days go by.

This indicator is experimental. Use at your own risk.