Dezi20

Loro Vola Stop

This indicator is a variation of a chandelier volatility stop using an average true range . The indicator draws a green support line in an uptrend and a red resistance line in a downtrend. The signals normally should be used as exit triggers.
Versionshinweise: Changed the calculation of the stop value from highest high and lowest low to close.
Open-source Skript

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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