MTRADE ATR SL FINDER

Average True Range Stop Loss Finder (ATR)
This indicator automatically calculates dynamic stop-loss levels based on market volatility using the Average True Range (ATR) formula.
It provides both Long and Short stop levels derived from ATR values and adapts them in real time as volatility changes.

🔍 Features

Adjustable ATR Length (default: 20)

Four smoothing methods: RMA, SMA, EMA, WMA

Configurable Multiplier (default: 1.5× ATR)

Real-time High (Short Stop) and Low (Long Stop) lines on the chart

A clean on-chart table displaying:

ATR value

High stop level (H)

Low stop level (L)
— all shown with 7-decimal precision for accurate readings

⚙️ Use Cases

Volatility-based stop-loss and take-profit placement

Risk management and trailing-stop automation

Intraday and swing trading systems using ATR-driven exits

🧠 Technical Details

Built in Pine Script v5

Supports up to 7 decimal precision (precision=7)

Works as an overlay, displaying ATR bands directly on price action

Fully customizable colors and smoothing logic

by fiyatherseydir