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Awesome ATR

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B1rd's 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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.