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ATR SL

2412
Hi traders,

As you know, ATR trailing stop is very popular indicator. So I decided to make my own one.

The logic is simple.

If the price is above the RMA(src,len), then put a SL at OPEN - ATR value of that time period
otherwise, put a SL at OPEN + ATR value of that time period.

Stay safe ^^
Nota Keluaran
You now can choose which MA you want for your trend direction. Also you can show the MA.

Both side SL is added in case of taking a position against the trend.
Nota Keluaran
Typo mistake

Skrip sumber terbuka

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.

For quick access on a chart, add this script to your favorites — learn more here.

bahadirkisbet
Average True Range (ATR)

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Average True Range (ATR)

Skrip sumber terbuka

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.

For quick access on a chart, add this script to your favorites — learn more here.

bahadirkisbet

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.