ATR+ (Stop Loss Indicator)

2017年11月2日

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.

2019年2月17日

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Minor improvements

2019年3月4日

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

2019年3月4日

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Minor improvements to display chart.

2019年3月4日

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Minor improvements.

2019年9月15日

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

2020年10月1日

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

2022年2月1日

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Updated to Pine Script v5