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...
The Volatility Stop Indicator is able to define the current trend. When a downward trend is determined a red line above the prices bars is plotted; when an upward trend is determined a green line below the prices bars is plotted. These lines are generally used as trailing stops. The Volatility Stop Indicator is more used as an exit tool than an entry tool. When...
![EURUSD: [RS]Function Volatility Stop V0](https://s3.tradingview.com/9/9NGYS0iy_mid.png "[RS]Function Volatility Stop V0")
