Montdouan-De-Sprimont

ATR for Trailing Stop

An ATR ( Average True Range ) can be used to position a trailing stop


In this script, the true range of today is calculated based on the low of yesterday in order to be more stable.
It only goes up, as a trailing stop should do.
It only goes down when the trailing stop is reached by the price.
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.

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