ATR+ (Stop Loss Indicator)

2 Nov 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 Feb 2019

Nota Keluaran

Minor improvements

4 Mac 2019

Nota Keluaran

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

4 Mac 2019

Nota Keluaran

Minor improvements to display chart.

4 Mac 2019

Nota Keluaran

Minor improvements.

15 Sep 2019

Nota Keluaran

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

1 Okt 2020

Nota Keluaran

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

1 Feb 2022

Nota Keluaran

Updated to Pine Script v5

10 Jan

Nota Keluaran

Updated to v6 pine script and v9 ZenLibrary