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Volatility Stop

ATR SL Visualization (on chart)This indicator plots 2 sets of dots (and lines) based on your chosen ATR multiplier (Average True Range). Generally, when trading on the daily timeframe a good rule of thumb is to use the ATR * 1.5 (the default setting of this indicator). I created this indicator to quickly test other indicators but I also find it helpful in live trading. How to use this indicator: Your trade system provides an entry signal. The red dot (can be connected line in options) would be used as the stop loss for either a long or short. Then the dot on the other side would be your first 1:1 target. The blue line is the same ATR multiplier as a target (default but can be modified). Using an additional tool like the horizontal ray can be helpful to see the exact location the SL might be hit or where the target might hit. When drawing your ray ensure you’re using the right entry candle. For instance, in a long scenario you would typically be entering a trade after your signal candle closes. So draw the ray at the point in price on the next candle for both stop loss and target. Also use these dots (lines) as guides provides an easy way to plot SL and targets if you want to use the Long or Short tool. For my trade systems I don’t use price targets (I exit when structure or indicators reveal to exit) but I do find it helpful to graph when testing. When something moves in my favor either the ATR or the ATR * 1.5 I take profit and typically move up my stop loss to break even or trailing. The other strategy that could be possible but have not tested is as long as the SL is making a new high moving up a hard stop to the ATR SL each day the trade goes in your favor. This should be obvious but if you want to use just the true ATR edit the multiplier to be 1.0
Pine Script® indicator
by RexDogActual
1
ATR+ (Stop Loss Indicator)This script is designed to aid in back-testing and trade execution. It displays three sets of values - the teal colored value is the current ATR, the green colored value is your stop loss distance (in pips) below the most recent swing low for long trades , and the red colored value is your stop loss distance (in pips) above the most recent swing high for short trades . You can change the stop loss settings to base your stop loss on a set pip amount or by however many multiples of the current ATR as you wish (eg. 1.5x ATR). Feel free to ask any questions or edit the script without permission :) - Matt.
Pine Script® indicator
by ZenAndTheArtOfTrading
34
Volatility StopThe Volatility Stop Indicator is able to define the current trend. When a downward trend is determined a red line above the prices bars is plotted; when an upward trend is determined a green line below the prices bars is plotted. These lines are generally used as trailing stops. The Volatility Stop Indicator is more used as an exit tool than an entry tool. When the price crosses the VStop value, the trend reverses and VStop moves to the other side of price. We'd like to present you VStop indicator written in Pine Script. Please notice new Pine Script features used in this indicator: variables max_, min_, is_uptrend, vstop. We may refer to previous values of the indicator in the source code (e.g. vstop , is a vstop value on the previous bar) before the actual vstop variable definition. Enjoy and leave your comments!
Pine Script® indicator
by admin
19