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BabyWhale83

ATR - Baby Whale

BabyWhale83 Updated   
Average True Range (ATR) ATR
56
6
averagetruerange atr
Script that shows you the ATR and 0.5 ATR.
You can use this to define your stop loss level when you see a SFP.

Standard setting is the 24 period ATR. You can use this for a 1h chart (24 hours in a day).
So when you play on a 5m chart, you can change the setting to 12 period (12 5m candles in 1 hour).
Release Notes:
The ATR is now standard visible on the chart.
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 a publication is governed by House Rules. You can favorite it to use it 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.

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