OPEN-SOURCE SCRIPT
Actualizado Bixord: ATR Target & Stop
Hello Traders,
You may have heard that it's highly advised you should know where your target and stoploss points are before you enter a trade.
One of the great indicators in history is the average true range a.k.a ATR.
Here is how you can use the ATR to set your target at 1.5 x ATR and stoploss at 2 x ATR:
This indicator shows you where the 1.5 x ATR and 2 x ATR from bar close on chart instead of manually calculating it by hand.
You may have heard that it's highly advised you should know where your target and stoploss points are before you enter a trade.
One of the great indicators in history is the average true range a.k.a ATR.
Here is how you can use the ATR to set your target at 1.5 x ATR and stoploss at 2 x ATR:
This indicator shows you where the 1.5 x ATR and 2 x ATR from bar close on chart instead of manually calculating it by hand.
Notas de prensa
Hello Traders,This indicator is based on ATR and helps you set your target and stoploss easily without manually calculating it.
How to use this indicator:
Long: Choose your favorite x ATR (1.5 or 2)
then you can set your target on the same bar you placed your long
Short: Choose your favorite x ATR (-1.5 or -2)
then you can set your stop loss on the same bar you placed your short
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.