PROTECTED SOURCE SCRIPT
Updated Hidden Average True Range
Script to help you find appropriate stop placement
ATR of Time frame you are in (HTF are better) * 1.55 = x
if short : x + close = STOP
of long : x - close = STOP
ATR of Time frame you are in (HTF are better) * 1.55 = x
if short : x + close = STOP
of long : x - close = STOP
Release Notes
noticed a scripting and display error! Release Notes
Less variables more concrete settingsOne may change the period to 25 but 14 is standard :)
Release Notes
Due to chart viewing errors i moved the ATR to its own pane.Same idea
Stops is the ATR +/- the close !
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Have a plan. Trade it!
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Have a plan. Trade it!
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.