Category Volatility  Published on 17/03/2024

ATR Stoploss Finder

An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.
Description

You can use this indicator to find a good stoploss level.

Parameters

  • Multiplier - default = 1.5
  • Length - ATR Length, default = 14
  • Smooth MA Type - Moving Average Type, default = simple

Outputs

  • Upper - suggested stoploss price for a short trade
  • Lower - suggested stoploss price for a long trade

Calculations

  • Upper = high + mult * atr
  • Lower = low - mult * atr

 




SO
soskrr

Joined on 20.08.2023

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: ATRSL.algo
  • Rating: 0
  • Installs: 641
  • Modified: 17/03/2024 22:47
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