ATR Trailing Stop Bands [NeoButane] — Indicator by NeoButane

averagetruerange atr trailingstop bands mtf daily

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:

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

My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NeoButane for more information, or follow the author's instructions below.

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Disclaimer

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