A simple indicator helping you with stop loss placement. It uses the recent volatility in the market to generate a band above and below price. If you struggle with stop loss placement but already understand entries, exits and direction this indicator might be one for you.
Pairs extremely well with certain oscillators, price action trading and pivot point trading.
Comes with 8 settings to facilitate both types of traders: High acuraccy, low risk/reward ratio Low acuraccy, high risk/reward ratio
Colours & Transparancy are fully customizable. Access is free, source code is protected and will remain to be so.
In order to achieve the best results I highly suggest you to place stop losses below the lower band (in longs) and above the upper band (in shorts).