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bjr117

ATR Multiplier

bjr117  
Trend Analysis Volatility Volume range ATR volatilityindicator nnfx takeprofit stoploss tp sl
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trendanalysis volatility volumestudies range atr volatilityindicator nnfx takeprofit stoploss tp sl
OVERVIEW

The Average True Range Multiplier (ATRX) is a simple technical indicator that takes the value of the ATR indicator and multiplies it by a user-specified amount.


CONCEPTS

This indicator is primarily used to set key levels based on historical volatility. The ATR indicator alone measures the historical volatility of the selected instrument, this indicator just multiplies that value to save the hassle of doing that yourself.
Ben R.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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