ATR Stop Price

Set stop price and add-position price according to the cost and current ATR.

You may set an alert with the condition when the stock price crossing down the Stop Price.


stock price: $150
volatility multiple: 2
current ATR: $3

stop price = $150 - $3 * 2 = $144
add-position price = $150 + $3 * 2 / 2 = $153

הערות שחרור: make stop_price non-negative
הערות שחרור: ---
הערות שחרור: ---
הערות שחרור: use source as the baseline
סקריפט קוד פתוח

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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