ATR SL
Hi traders,
As you know, ATR trailing stop is very popular indicator. So I decided to make my own one.
The logic is simple.
If the price is above the RMA(src,len), then put a SL at OPEN - ATR value of that time period
otherwise, put a SL at OPEN + ATR value of that time period.
Stay safe ^^
As you know, ATR trailing stop is very popular indicator. So I decided to make my own one.
The logic is simple.
If the price is above the RMA(src,len), then put a SL at OPEN - ATR value of that time period
otherwise, put a SL at OPEN + ATR value of that time period.
Stay safe ^^
Versionsinformation:
You now can choose which MA you want for your trend direction. Also you can show the MA.
Both side SL is added in case of taking a position against the trend.
Both side SL is added in case of taking a position against the trend.
Versionsinformation:
Typo mistake