This indicator allows you to improve your stop loss placement. It displays two lines based on the ATR ( Average True Range ), an upper line based on the current price + ATR and a lower line based on the current price - ATR. The ATR is multiplied by 2 but you can change this in the indicator settings.
Great script, thanks :)
is it possible to lock the setting, so as to always visualize daily ATR high and low, even on lower timeframe charts ? This would be helpful for traders who only use daily ATR numbers
Bluzzi
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@jizigrec, thanks for this suggestion, I will surely add this possibility in the next update of the script ! I'll mention you when it's done !
is it possible to lock the setting, so as to always visualize daily ATR high and low, even on lower timeframe charts ? This would be helpful for traders who only use daily ATR numbers