ATR+ (Stop Loss Indicator)

This script is designed to aid in back-testing and trade execution.

It displays three sets of values - the teal colored value is the current ATR, the green colored value is your stop loss distance (in pips) below the most recent swing low for long trades, and the red colored value is your stop loss distance (in pips) above the most recent swing high for short trades.

You can change the stop loss settings to base your stop loss on a set pip amount or by however many multiples of the current ATR as you wish (eg. 1.5x ATR).

Feel free to ask any questions or edit the script without permission :)

- Matt.

הערות שחרור:

Minor improvements

הערות שחרור:

Converted ATR and S/L into whole numbers.
Added optional T1 (Profit Target).

הערות שחרור:

Minor improvements to display chart.

הערות שחרור:

Minor improvements.

הערות שחרור:

Converted to Pine Script v4 and cleaned up code to remove unnecessary lines.

הערות שחרור:

Fixed to work on all markets (previously was bugged on some markets)

הערות שחרור:

Updated to Pine Script v5