OPEN-SOURCE SCRIPT

ATR draw on the candle easily setup SL&TP

8 609
Hi,Guys,
Build-in ATR need to read the pips then add on current price to setup safe SL.
But under stress of trading, calculation is not effective.

Input:
Length:Length of ATR
n:n*ATR=Risk
m:m*Risk=TP

the dash line means current price plus n*ATR and minus n*ATR for setup sell or buy stop loss.
If increase m more than 1,you can see the additional line outside the original line in order to setup TP with Reward:Risk more than 1.

Hope you guys enjoy it, and welcome to comment.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.