OPEN-SOURCE SCRIPT
ATR Trend Direction Lines
ATR lines to guage entry and sl levels - this can be configured by the user.
Default is 3x ATR (10) as recommended by a university study on optimal SL placement.
Green for long entry, Red for short.
Default is 3x ATR (10) as recommended by a university study on optimal SL placement.
Green for long entry, Red for short.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.