This indicator is used for stop loss placements with ATR as reference and comes in two lines with equal distance from a moving average.
The indicator can also be used for safety measuring of trade entries by using it as a price breakout filter, meaning if price moves too far from your baseline then price would be too directly volatile for a safe trade.
The input settings are
ATR period: ATR period, default at 14
ATR factor: ATR factor, most used factor is 1.5
MA period: Moving average period, 1 resembles price action
MA method: Moving average method, choose from SMA, EMA, SMMA and LWMA
ATR Stop Loss - indicator MetaTrader 5 This indicator will draw ATR based stop loss calculation based on IgorAD,igorad2003@yahoo.co.uk ATRStops MQL4, with adjustable multiplier and ATR period.…
ATR Trailing Stop with 1 Buffer only - indicator… This is an edit of the Mod_ATR_Trailing_Stop by Scriptor found here https://www.mql5.com/en/code/20423. It has 1 Buffer instead of 2 (1 Line instead of…
