OPEN-SOURCE SCRIPT
MTF ATR Stop Loss Lines
MTF ATR Stop Loss Lines (v6) is a lightweight, high-utility technical analysis tool designed to streamline risk management and stop-loss placement. Instead of manually calculating Average True Range (ATR) distances across different intervals, this script automatically fetches volatility data from any higher timeframe and dynamically projects precise stop-loss levels directly onto your current chart.
By overlaying the calculated risk channels on both sides of the asset's current price, traders can instantly visualize their maximum risk exposure for both long and short market setups.
➡️ Key Features
Multi-Timeframe Engine: Pull volatility data from higher charts (e.g., Daily, 4-Hour) to protect your lower-timeframe execution from broader market noise.
Custom Risk Multiplier: Tailor your stop-loss buffer to match your specific risk tolerance or market asset volatility rules.
Visual Symmetry: Displays dual step-lines above and below the price action for instantaneous Long or Short trade planning.
Pine Script v6 Optimized: Engineered using the newest compiler version for maximum speed, strict type stability, and zero chart lag.
💡 How to Use
Long Positions: Utilize the Green (Lower) Line as your baseline invalidation level.
Short Positions: Utilize the Red (Upper) Line as your baseline invalidation level.
Pro-Tip: If you trade a volatile asset like Crypto or FX, increase the multiplier to 2.0 or 2.5 to avoid getting prematurely stopped out by sudden liquidity wicks.
By overlaying the calculated risk channels on both sides of the asset's current price, traders can instantly visualize their maximum risk exposure for both long and short market setups.
➡️ Key Features
Multi-Timeframe Engine: Pull volatility data from higher charts (e.g., Daily, 4-Hour) to protect your lower-timeframe execution from broader market noise.
Custom Risk Multiplier: Tailor your stop-loss buffer to match your specific risk tolerance or market asset volatility rules.
Visual Symmetry: Displays dual step-lines above and below the price action for instantaneous Long or Short trade planning.
Pine Script v6 Optimized: Engineered using the newest compiler version for maximum speed, strict type stability, and zero chart lag.
💡 How to Use
Long Positions: Utilize the Green (Lower) Line as your baseline invalidation level.
Short Positions: Utilize the Red (Upper) Line as your baseline invalidation level.
Pro-Tip: If you trade a volatile asset like Crypto or FX, increase the multiplier to 2.0 or 2.5 to avoid getting prematurely stopped out by sudden liquidity wicks.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。