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ATR Stop Level Checker

443
Dynamic position sizing indicator - calculates difference of ATR of last price.

Manually input risk based on your account size = If 100,000 account, risk 0.5% a trade = $500 risk
This calculates shares based on ATR and LOD.

Changeable settings of 3 ATR % lines

If atr = 1

50% = .5
66% = .66
100% = 1

I use this to make sure my stop is never more than 1 ATR, and that my entry isn't extended from the low of day - letting me know my entry is not extended intraday. Jeff Sun uses 60% LOD maximum, this ensures he takes an optimal entry and his risk is not considered extended of the ATR.
Notas de prensa
Dynamic position sizing indicator - calculates difference of ATR of last price.

Manually input risk based on your account size = If 100,000 account, risk 0.5% a trade = $500 risk
This calculates shares based on ATR and LOD.

Changeable settings of 3 ATR % lines

If atr = 1

50% = .5
66% = .66
100% = 1

I use this to make sure my stop is never more than 1 ATR, and that my entry isn't extended from the low of day - letting me know my entry is not extended intraday. Jeff Sun uses 60% LOD maximum, this ensures he takes an optimal entry and his risk is not considered extended of the ATR.

Update V2 added Long/Short option

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