The ATR Trailing Stop, also called ATRS, is a protective stop level based on the ATR, Average True Range. The ATR is a measure of volatility, so the ATR trailing stop is a dynamic stop that will move with the price and with its volatility.
The indicator displays, depending on the selected options, two trailing stop lines :
Like any trailing stop, it only moves in the direction of the trade. When the stop is "broken" at candle's closing, it is repositioned at the next candle.
The parameters are adjustable so that everyone can set the ATR Trailing Stop according to their own criteria. All of these settings are made without modifying the code, very easily in the indicator's configuration menu.
Adjustable validation criteria :
Details of available settings :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
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