OPEN-SOURCE SCRIPT
ATR Multiplier Overlay
Updated
Functions like ATR Multiplier by bjr117, but is overlaid on chart to make your setting of stop-loss and take profit levels easier.
Simply set the multiplier, script will take the ATR for that time with whatever setting, multiply it with your input and plot that number plus and minus each candle close.
Simply set the multiplier, script will take the ATR for that time with whatever setting, multiply it with your input and plot that number plus and minus each candle close.
Release Notes
I added an offset to help if you want a slightly delayed signal (for backtesting and such).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 publication is governed by House rules. You can favorite it to use it on a chart.
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