I see that lots of traders use ATR as their stop-loss and take-profit levels. I decided to write this script to help traders to easily calculate their ATR levels. ATR also works as support and resistance. That's why i have decided to call this indicator as "ATR Trend".
I hope you enjoy it!
Disclaimer: Past performance is not an indication of future performance. All the information in this article, including the algorithm & indicator, was provided and published for informational purposes only and should not be considered legal or financial advice. Use at your own risk!
Happy trading Atilla Yurtseven
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Updated calculation is more accurate
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Update:
Calculation method now supports Stocks and more accurate.