Average True Range Take profit (ATR)

Average True Range Take Profit
An objective method of determining an initial Take Profit and Stop Loss, based on true market volatility and not arbitrary price levels.

Take Profit Levels and Stop Loss Levels are calculated based on multiples of Average True Range


Features & Functions

Option to switch between long or short


Default Value

Take Profit 1 = 1x ATR.
Take Profit 3 = 2x ATR.
Take Profit 5 = 3x ATR.

Stop Loss 2 = 1.5x ATR.

Basline 13 exponential moving average (EMA) (2)


Extra options ATR

Take Profit 2 = 1,5x ATR.
Take Profit 4 = 2,5x ATR.
Take Profit 6 = 3,5x ATR.
Take Profit 7 = 4x ATR.
Take Profit 8 = 4,5x ATR.
Take Profit 9 = 5x ATR.

Stop Loss 1 = 1x ATR.
Stop Loss 3 = 2x ATR.

Extra options MA

Simple moving average (SMA) (1)
Weighted Moving Average (WMA) (3)
Hull moving average (HMA) (4)
Volume Weighted Moving Average (VWMA) (5)
R moving average (RMA) (6)
Triple exponential moving average (TEMA) (7)