OPEN-SOURCE SCRIPT
Teo Trading 26 - Shifted ATR with Source Code
This Indicator calculates the typical Stop Value using previus close and ATR.
You can change Multiplier in input Parameters.
Many times it is a bad solution to decide the Stop Level. I recommend you to make a Backtest before to decide to use it.
I think that ATR only can be used in a few type of strategies.
This indicator was publishied previosly without Source Code. Now The Source Code is Available.
You can change Multiplier in input Parameters.
Many times it is a bad solution to decide the Stop Level. I recommend you to make a Backtest before to decide to use it.
I think that ATR only can be used in a few type of strategies.
This indicator was publishied previosly without Source Code. Now The Source Code is Available.
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.