OPEN-SOURCE SCRIPT
DD ATR bands
The top band is ATR added to candle high (with given length and multiplication). The bottom one is analogic.
Created for finding initial stop loss for entry on low timeframes. Use band value at last major high/low to place the stop loss at.
It shows prices with acceptable risk and a reasonable margin for market volatility.
Created for finding initial stop loss for entry on low timeframes. Use band value at last major high/low to place the stop loss at.
It shows prices with acceptable risk and a reasonable margin for market volatility.
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