DinexSpace ATR Stop Levels

ATR Stop Levels draws price levels a chosen number of ATRs below and above the current price. It shows at a glance where a volatility-based stop would sit for a long or a short position, without measuring by hand.

How it works

- ATR (Average True Range) measures the typical bar range. You can smooth it with RMA (Wilder's original method), SMA or EMA.

- Up to three multipliers (1.5, 2 and 3 by default). Each draws a dashed level below price and one above, with a label showing the price and the distance in percent.

- "Measure from" sets the starting point. With Close, both levels start from the close. With High / Low, the level below starts from the bar high and the level above from the bar low.

- A panel lists the ATR, the ATR as a percent of price and the size of each multiplier in price and percent.

- An optional dotted line shows where level 2 was on every past bar. It is a plain distance from price, not a trailing stop.

Inputs

- ATR: length, smoothing, measure from.

- Multipliers: three levels, each with its own switch.

- Display: colours, which side to show, line length and extension, labels, level 2 history, panel and its corner.

Limits

- The levels move with every new bar and every tick on the current bar. They are a reference for sizing a stop, not orders.

- ATR describes past ranges only. A gap or a news spike can move price well past any level.

The indicator only draws levels. It does not trade or give signals.