ATR- Auto TP SL Ticks & $$ v1.4R (Dynamic Panel)
💡 What It Does
The ATR-TV Dynamic Panel automatically calculates your Take-Profit (TP) and Stop-Loss (SL) levels based on market volatility, using the Average True Range (ATR).
It gives you:
Live ATR value (shows when volatility is high)
TP and SL distances in ticks and dollars
Automatic Reward-to-Risk (R:R) ratio
Preset and custom settings for flexible trading
Auto-adjustments when volatility gets extreme
Think of it as a mini control panel that helps you stay consistent — you just plug in the number of contracts and the indicator tells you your risk and target distances instantly.
🧭 How to Use It
1️⃣ Choose a Preset
Standard (≈1.5 R:R): TP × 6 ATR, SL × 4 ATR — balanced for normal volatility.
Tight (≈1.8 R:R): MNQ = 6.5/3.5, NQ = 7/4 — smaller stops, larger targets.
Custom: Set your own TP and SL multipliers.
2️⃣ Watch the ATR Line
The ATR(14) value shows market volatility in points.
When ATR rises above 25, the panel adds a red “HIGH” tag — meaning price swings are larger and you may want to size down or switch to conservative mode.
3️⃣ Conservative Mode (Auto-Safety)
If enabled, the panel automatically switches to gentler multipliers (e.g. TP × 5.5 / SL × 4.5) whenever ATR > 25.
You can edit those values to fit your own comfort level.
4️⃣ Read the Panel
Each row tells you:
Row Meaning
ATR(14) Current volatility (adds “HIGH” if > 25)
TP × ATR Target distance in ticks and dollars
SL × ATR Stop distance in ticks and dollars
R:R Reward-to-Risk ratio
Preset Which mode is active + contracts + tick value
5️⃣ Use It for Entries
When you take a trade, copy the TP and SL ticks from the panel into your order ticket.
It ensures every trade has the same logic — scaled to volatility instead of emotion.
🪄 Quick Example
If ATR = 12 points on MNQ and you’re using the Standard preset:
SL = 12 × 4 = 48 ticks → $24 risk per contract
TP = 12 × 6 = 72 ticks → $36 reward per contract
R:R = 1.5 : 1
If ATR jumps above 25, it automatically warns you and, if conservative mode is on, switches to tighter settings (like TP × 5.5 / SL × 4.0).
✅ Why Traders Love It
Keeps risk/reward consistent across all setups.
Adapts automatically to volatility.
Removes guesswork and “gut feel” targets.
Perfect companion for breakout or intraday systems like Becky Breakout.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact tiff_sorensen directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact tiff_sorensen directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.