TradingView
faken
Dec 28, 2020 11:05 PM

ATR Indicator - How to Avoid Getting Stopped out of Trades Education

BTCUSDT SPOTBybit

Description

In this post we can see how the stops were taken out beyond. the 26600 price level.
For any setup that a noobie trader may place, the SL would be taken out at this level;
However using the ATR indicator we can avoid getting stopped out and keep our trade.

I recommend you watch some videos on this indicator to get a better understanding but the main jist of it is ->
Take a sweep low/high of a range and add/minus the ATR value (on the sweep candle) to get more legroom for price to move (but it will miss your stop)

I hope you find this useful.
Comments
faken
If the text on the top is small for you guys it says:

"[170] On sweep low, ATR Reading is 170"
More