OPEN-SOURCE SCRIPT
Simple ATR Trailing Stop
This Pine Script v6 indicator overlays a Chandelier Exit-style ATR trailing stop on TradingView charts. It calculates volatility using ATR(14) with a customizable multiplier (default 3.0), plotting green long stops below highs and red short stops above lows. Ideal for swing trading, it dynamically adjusts exits to lock in profits while adapting to market volatility—toggle lines for longs/shorts as needed.
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.