ATR based Triple Stop Loss levels that are plotted on the chart (like moving averages!).
With ATR Levels plotted on the price chart itself, you can better set your volatility based trailing Stop Loss. Also helps to define the SL when making an entry into a stock.
Note: This indicator is supposed to be used on Daily and Weekly Charts. For other timeframes you would need to tweek the default parameters.
เอกสารเผยแพร่
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Amped up the indicator with Triple Stop Loss Levels on both Long and Short Sides. Also added an option of a Simple Moving Average for taking better decisions.
Check the indicator settings to get a complete idea of what is possible.
Hello Brother, How to use this for intraday levels ?
pranjalchaubey
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@ChoppyMarket, you can use it to set your Stop Loss on 5m timeframes. Typically anything between 1 ATR to 1.5 ATR is a good place to mark your SL, depending upon your backtest results.