OPEN-SOURCE SCRIPT
ATR with Take and Stop
This simple indicator will plot the take profit and stop loss values based on the ATR indicator.
It's possible to set how many times the ATR value will be applied to the closing price and
what trade type is used, Long or Short.
It's possible to set how many times the ATR value will be applied to the closing price and
what trade type is used, Long or Short.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
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.