AlgoTrade ATR Stop Levels
- 지표
- 버전: 1.0
AlgoTrade ATR Stop Levels displays the average true range (ATR) of the chart symbol and the stop distance: ATR times a multiplier. It draws the stop for a buy and the stop for a sell on the chart, and shows the ATR on four timeframes on a card. It reads data only.
What it does
- The ATR of the last closed bars (14 by default), on the chart timeframe or on M15, H1, H4 or D1.
- Stop distance equals ATR times the multiplier (1.5 by default), rounded up to whole ticks.
- Two dashed lines from the newest bar: the stop for a buy below the bid, and the stop for a sell above the ask, with their prices.
- A card with the ATR in points and as a % of price, compared with the usual range of the last 100 bars.
- The loss at the stop for 1.00 lot in your account currency, including the current spread, from the broker's tick value.
- A table with the ATR and the stop distance on M15, H1, H4 and D1, and the loss for 1.00 lot on each.
- Short Sunday daily candles are skipped on symbols that close for the weekend (can be turned off).
How to use
- Attach the indicator to any chart. Set the ATR period, the multiplier and the timeframe of the lines in the inputs.
- Click "Fold" to show a single line, or "Show" to display the full card. The card corner and the line colors can be changed in the inputs.
- The loss does not include commission or swap.
Inputs: ATR period, multiplier, timeframe of the lines, Sunday candle skipping, lines, line colors, card corner.
Please read
- This indicator reads data only and does not open, modify, or close trades.
- For questions or feature requests, please post in the comments section on this page. Your reviews help us plan updates.
Made by AlgoTrade Pte. Ltd. Trading always carries risk. Past results do not guarantee future results.
