OPEN-SOURCE SCRIPT
ATR_XAUUSD-BITCOINT-US100_Daniel

# ATR Daniel - Indicator Description
## 🇬🇧 ENGLISH VERSION
### ATR Daniel - Smart Trailing Stop Manager
**ATR Daniel** is an intelligent trailing stop indicator that automatically adapts to your trading style and the asset you're trading.
#### Key Features:
**🎯 3 Trading Modes:**
- **Swing Trading** - For position trading with wider stops
- **Intraday** - For day trading with balanced parameters
- **Scalping** - For quick trades with tight stops
**📊 Automatic Asset Detection:**
The indicator automatically recognizes 3 major assets and applies optimized parameters:
- **XAUUSD (Gold)** - Lower volatility settings
- **BTCUSDT (Bitcoin)** - Medium volatility settings
- **NAS100USD (Nasdaq 100)** - Higher volatility settings
**🔧 Flexible Configuration:**
- **Auto Mode**: Applies optimal parameters based on detected asset and selected trading mode
- **Manual Mode**: Customize ATR length and multiplier to your preferences
- **Customizable Colors**: Choose your own line color
- **ON/OFF Display**: Toggle line visibility as needed
**📈 Visual Display:**
- Dynamic trailing stop line that follows price action
- Color changes based on trend direction (bullish/bearish)
- Real-time info table showing:
- Current asset
- Trading mode
- ATR value
- Stop loss distance
- Recommended SL price
- Current trend direction
- Signal arrows at trend reversals (optional)
**💡 How It Works:**
The indicator uses ATR (Average True Range) to calculate dynamic stop loss levels that adapt to market volatility. The trailing stop follows the price in trending markets while protecting your position.
**Perfect for:**
- Traders who want automated stop loss management
- Multi-asset traders (Gold, Bitcoin, Nasdaq)
- All trading styles (Swing, Intraday, Scalping)
---
## 🇬🇧 ENGLISH VERSION
### ATR Daniel - Smart Trailing Stop Manager
**ATR Daniel** is an intelligent trailing stop indicator that automatically adapts to your trading style and the asset you're trading.
#### Key Features:
**🎯 3 Trading Modes:**
- **Swing Trading** - For position trading with wider stops
- **Intraday** - For day trading with balanced parameters
- **Scalping** - For quick trades with tight stops
**📊 Automatic Asset Detection:**
The indicator automatically recognizes 3 major assets and applies optimized parameters:
- **XAUUSD (Gold)** - Lower volatility settings
- **BTCUSDT (Bitcoin)** - Medium volatility settings
- **NAS100USD (Nasdaq 100)** - Higher volatility settings
**🔧 Flexible Configuration:**
- **Auto Mode**: Applies optimal parameters based on detected asset and selected trading mode
- **Manual Mode**: Customize ATR length and multiplier to your preferences
- **Customizable Colors**: Choose your own line color
- **ON/OFF Display**: Toggle line visibility as needed
**📈 Visual Display:**
- Dynamic trailing stop line that follows price action
- Color changes based on trend direction (bullish/bearish)
- Real-time info table showing:
- Current asset
- Trading mode
- ATR value
- Stop loss distance
- Recommended SL price
- Current trend direction
- Signal arrows at trend reversals (optional)
**💡 How It Works:**
The indicator uses ATR (Average True Range) to calculate dynamic stop loss levels that adapt to market volatility. The trailing stop follows the price in trending markets while protecting your position.
**Perfect for:**
- Traders who want automated stop loss management
- Multi-asset traders (Gold, Bitcoin, Nasdaq)
- All trading styles (Swing, Intraday, Scalping)
---
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.