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Accurate ATR Stop Loss Distance — Risk Management Tool
Accurate ATR Stop Loss Distance — Risk Management Tool
This indicator calculates an accurate Stop Loss distance in pips using the Average True Range (ATR) multiplied by a user-defined multiplier.
It automatically detects the correct pip size based on the instrument type (Forex, Crypto, Stocks, Indices, Futures), adjusting for 2-, 3-, 4-, or 5-digit quotes — ensuring professional-grade precision that matches institutional ATR-based risk systems.
📊 Features:
Uses ATR × Multiplier to determine precise SL distance in pips.
Automatically adjusts pip value depending on the asset type (handles 5-digit Forex brokers).
Clean and minimal design — displays only one info box in the top-right corner.
Fully customizable text and background colors.
Includes alert condition for automated SL updates.
⚙️ How to use:
Set your preferred ATR period and multiplier.
The indicator instantly displays your Stop Loss distance in pips at the top-right of the chart.
Combine with your entry strategy to calculate lot size or risk per trade.
💡 Ideal for traders who want consistent, objective SL distances derived from volatility rather than arbitrary points or emotions.
Note: Educational and informational tool only. Does not execute trades or give financial advice.
This indicator calculates an accurate Stop Loss distance in pips using the Average True Range (ATR) multiplied by a user-defined multiplier.
It automatically detects the correct pip size based on the instrument type (Forex, Crypto, Stocks, Indices, Futures), adjusting for 2-, 3-, 4-, or 5-digit quotes — ensuring professional-grade precision that matches institutional ATR-based risk systems.
📊 Features:
Uses ATR × Multiplier to determine precise SL distance in pips.
Automatically adjusts pip value depending on the asset type (handles 5-digit Forex brokers).
Clean and minimal design — displays only one info box in the top-right corner.
Fully customizable text and background colors.
Includes alert condition for automated SL updates.
⚙️ How to use:
Set your preferred ATR period and multiplier.
The indicator instantly displays your Stop Loss distance in pips at the top-right of the chart.
Combine with your entry strategy to calculate lot size or risk per trade.
💡 Ideal for traders who want consistent, objective SL distances derived from volatility rather than arbitrary points or emotions.
Note: Educational and informational tool only. Does not execute trades or give financial advice.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。