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Indicators

StopATR_auto - indicator for MetaTrader 5

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Views:
2558
Rating:
votes: 24
Published:
2017.08.10 12:54

Automated calculation of Stop Loss levels based on the Average True Range indicator (ATR) indicator.

Calculation method:

  • The "Max" level: add to the Open price the ATR value multiplied by "Target"
  • The "Min" level: subtract from the Open price the ATR value multiplied by "Target"


StopATR_auto


Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/18674

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