Hidden Average True Range
Script to help you find appropriate stop placement
ATR of Time frame you are in (HTF are better) * 1.55 = x
if short : x + close = STOP
of long : x - close = STOP
ATR of Time frame you are in (HTF are better) * 1.55 = x
if short : x + close = STOP
of long : x - close = STOP
Nota Keluaran:
noticed a scripting and display error!
Nota Keluaran:
Less variables more concrete settings
One may change the period to 25 but 14 is standard :)
One may change the period to 25 but 14 is standard :)
Nota Keluaran:
Due to chart viewing errors i moved the ATR to its own pane.
Same idea
Stops is the ATR +/- the close !
Same idea
Stops is the ATR +/- the close !
Have a plan. Trade it!