TradingView
jstntham
Jun 12, 2021 6:22 PM

Stop Loss Indicator 

GBP/USDOANDA

Description

The stop loss indicator is a single trade indicator to manage risk

It tells you the size of the trade you should enter and lets you know where to place stops and when and where to trail your stops to based on ATR, given your entry price and risk amount.

Set the date and time once trade is active and once ATR moves above(long)/below(short) entry price you can move your stop loss following the green triangles.

Short
green triangle down => high + (ATR * 1.5)
red triangle up => low + (ATR * 1.5)

Long
green triangle up => low - (ATR * 1.5)
red triangle down => high - (ATR * 1.5)

Release Notes

Improved and clearer visualization of stop loss
hover on end stop loss label for more details

Release Notes

Fixed 15 min positioning
Comments
More