ATR - Baby Whale
Script that shows you the ATR and 0.5 ATR.
You can use this to define your stop loss level when you see a SFP.
Standard setting is the 24 period ATR. You can use this for a 1h chart (24 hours in a day).
So when you play on a 5m chart, you can change the setting to 12 period (12 5m candles in 1 hour).
You can use this to define your stop loss level when you see a SFP.
Standard setting is the 24 period ATR. You can use this for a 1h chart (24 hours in a day).
So when you play on a 5m chart, you can change the setting to 12 period (12 5m candles in 1 hour).
Versionsinformation:
The ATR is now standard visible on the chart.