ATR Mod for TP and SL

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Svtrading2020
7
Svtrading2020  

Ive looked thru all the ATR indicators and none seem to do what I need.

I would like one where you could just multiply the ATR value by 1.5 for a stop loss value

if the ATR was at 0.0100 multiply it by 1.5 to get 0.0150 to use as a stop loss

Does this exist??  


I use this for back testing its a lot faster that doing the math.  I normally backtest 3 years or so,  its nice to just have a quick reference when backtesting. 


I made one in tradingview but this language is over my head

William Roeder
20808
William Roeder  
  1. You don't need an indicator. Just multiply ATR by n and add/subtract the result from the market.
  2. Most recommendations have n in the range 2.5 … 4.0
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