ATR Trailing Stop Bands [NeoButane]

8 ago 2018

These ATR bands and trailing stops can be used as a way to manage risk, enter breakout trades, or as support/resistance.

Please see here for information about payment and access: medium.com/@NeoButane/trading-view-indicators-list-d89695cc7a06

ATR Bands Features:

• Shape plotted for closes out of bands
  
• Custom resolution
  
• Bands multiplier: useful for reducing size to increase signal
  
• Band smoothing type: EMA, Hull MA, or no moving average smoothing
  
• Calculated in geometric mean (log scaling) to resolve issues with flash dumps or pumps
  
• Alerts for closing outside of bands
  

ATR Trailing Stop Features:

• Based on daily resolution timeframe
  
• Trailing stop multiplier: useful for curve-fitting to your instrument's normal trading range. Recommended multiplier between 1.5-3
  
• Can be used as trading range (>3) or for breakout trading (<1.5)
  
• Alerts for price touching stops