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.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。