This is version 2 of my previous timeframe & ATR based SL calculator. The v2 is based on the VWAP and it's StdDev and is therefore time independent in the intraday timeframe. The lower the chosen timeframe, the more accurate the VWAP calculation and therefore the stop loss calculation will be.
What it does:
This indicator uses the VWAP to calculate the amount of...
What it does:
This indicator calculates the amount of shares to take at a predefined risk according to market volatility based on ATR.
This should help novice traders focus more on their trades and strategies instead of spending too much time calculating parameters.
How it works:
You have some configuration parameters
1. Number of candles used to calculate the...