ATR+ (Stop Loss Indicator)

2. Nov. 2017

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.

17. Feb. 2019

Versionshinweise

Minor improvements

4. März 2019

Versionshinweise

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

4. März 2019

Versionshinweise

Minor improvements to display chart.

4. März 2019

Versionshinweise

Minor improvements.

15. Sept. 2019

Versionshinweise

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

1. Okt. 2020

Versionshinweise

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

1. Feb. 2022

Versionshinweise

Updated to Pine Script v5