OPEN-SOURCE SCRIPT
ATR for Trailing Stop
An ATR (Average True Range) can be used to position a trailing stop
In this script, the true range of today is calculated based on the low of yesterday in order to be more stable.
It only goes up, as a trailing stop should do.
It only goes down when the trailing stop is reached by the price.
In this script, the true range of today is calculated based on the low of yesterday in order to be more stable.
It only goes up, as a trailing stop should do.
It only goes down when the trailing stop is reached by the price.
Open-source script
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.
Disclaimer
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.
Open-source script
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.
Disclaimer
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.