ATR Strategy Multiplier
FREE
Publicado:
27 dezembro 2024
Versão atual:
1.0
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i do not understand your method
Thank you for your comment!
Let me clarify how the method works:
The indicator uses the Average True Range (ATR) to measure market volatility. Based on the ATR value, it calculates several suggested Stop Loss (SL) and Take Profit (TP) levels. Here's how:
SL is calculated by multiplying the ATR by a step value (e.g., 1x ATR, 1.5x ATR, etc.).
TP is calculated based on your selected reward-to-risk ratio. For example, if SL = 20 points and Reward = 2, then TP = 40 points.
You can customize how many SL/TP levels are shown and the step size between each one.
The goal is to help traders easily set SL and TP based on current market volatility.
If you have any specific part that is unclear, feel free to ask—I’d be happy to explain further!
Awesome Indicator thank you:) I am looking for an exit indicator I have tested hundreds of them but none really give me much, have you got any ideas? thanks again.
Awesome Indicator thank you:) I am looking for an exit indicator I have tested hundreds of them but none really give me much, have you got any ideas? thanks again.
Thank you so much for your kind words, I really appreciate it. Regarding exit strategies, I usually recommend combining ATR-based levels with simple market structure (like support/resistance or trailing stop). There isn’t a perfect universal exit indicator, but ATR can be powerful if adjusted to your trading style. I’ll definitely consider making a dedicated exit tool in the future.