This script tells you where to place your Initial Take Profit Targets and Stop Losses both long and short. The position of these targets is based on price volatility (using ATR to calculate).
Distance of stop loss and take profit can be modified as multiples of the ATR.
For a 2:1 reward:risk ratio, set Take Profit to 2 and Stop Loss to 1.
Coming Soon: BASELINE - over 20 moving averages to chose from - ATR bands - trend colored candles and signals on crossover
TDFI (Trend Direction and Force Index ). - Ultimate Volatility Indicator - Keeps you out of flat Matkets - Many settings to tweak for optimization.