Mr__H ATR SL
**Mr__H ATR SL – Dynamic ATR Stop Loss Indicator**
Mr__H ATR SL is a volatility-based stop-loss indicator designed to help traders identify potential stop-loss levels and manage risk.
The indicator uses the **Average True Range (ATR)** to calculate a dynamic stop-loss line below price, automatically adjusting to changing market volatility.
**Key Features:**
- **ATR-Based Stop Loss:** Calculates stop-loss levels using ATR and a customizable multiplier.
- **Dynamic Volatility Adjustment:** Updates the stop-loss line with each new candle.
- **Customizable Settings:** Adjust ATR length, multiplier, price source, and timeframe.
- **Position Sizing Support:** Helps determine stop-loss distance for consistent risk management.
**Default Settings:** ATR Length 14 | Multiplier 2.0
The indicator is designed to establish an initial stop-loss level at trade entry. It is **not an automatic trailing stop**.
Suitable for systematic trading, swing trading, and volatility-based risk management.
Mr__H ATR SL is a volatility-based stop-loss indicator designed to help traders identify potential stop-loss levels and manage risk.
The indicator uses the **Average True Range (ATR)** to calculate a dynamic stop-loss line below price, automatically adjusting to changing market volatility.
**Key Features:**
- **ATR-Based Stop Loss:** Calculates stop-loss levels using ATR and a customizable multiplier.
- **Dynamic Volatility Adjustment:** Updates the stop-loss line with each new candle.
- **Customizable Settings:** Adjust ATR length, multiplier, price source, and timeframe.
- **Position Sizing Support:** Helps determine stop-loss distance for consistent risk management.
**Default Settings:** ATR Length 14 | Multiplier 2.0
The indicator is designed to establish an initial stop-loss level at trade entry. It is **not an automatic trailing stop**.
Suitable for systematic trading, swing trading, and volatility-based risk management.
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