Awesome ATR
An objective method of determining an initial Take Profit and Stop Loss, based on true market volatility and not arbitrary price levels. This indicator gives the user a powerful range of input variation with myriad permutations of smoothing and look back lengths, to build an objective value from which to measure profit and stop levels. This indicator also has a build-in alert function to keep you up to date with latest price developments regarding the ATR levels.
This indicator also automatically calculates a recommended position size based on our position sizing methodology. Simply input your capital amount and desired risk level. This indicator will display your optimum position size in USD or in Coin.
Purpose:
To give clear objective stop losses and take profit levels based off price volatility rather than arbitrary price levels, percentage points, ticks, pips, etc.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact dab1rd directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact dab1rd directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.