Average True Range Stop Loss Finder [MasterYodi]

This indicator utilizes the Average True Range (ATR) to help traders identify optimal stop-loss levels that reduce the risk of premature exits caused by market volatility or tight stop placements. The default multiplier is set to 1.5, providing a balanced stop-loss buffer. For more conservative setups, a multiplier of 2 is recommended; for tighter risk management, use 1.

ATR values and corresponding stop-loss levels are displayed in a table at the bottom of the chart.

• Use the high-based (red) level for short positions
  
• Use the low-based (teal) level for long positions