ATR Trailing Stop (Seemple)

The ATR Trailing Stop (Seemple) is a clean and intuitive trend following indicator that helps traders visualise dynamic stop levels based on market volatility.

1. How it works:
Uses the Average True Range (ATR) to calculate trailing stop levels.

The stop dynamically adjusts with price movement:

Rises in an uptrend to lock in gains.

Falls in a downtrend to protect against reversals.

Incorporates a flip condition that identifies potential trend shifts when price crosses above or below the stop level.

2. Customisable Inputs:
ATR Period: Defines the sensitivity of the volatility calculation.

ATR Multiple: Sets how tight or wide the stop should be based on ATR.

3. Application:
Ideal for trend-following strategies, trailing stop placement, and visual guidance for exit signals.