OPEN-SOURCE SCRIPT

Teo Trading 26 - Shifted ATR with Source Code

1 531
This Indicator calculates the typical Stop Value using previus close and ATR.

You can change Multiplier in input Parameters.

Many times it is a bad solution to decide the Stop Level. I recommend you to make a Backtest before to decide to use it.

I think that ATR only can be used in a few type of strategies.

This indicator was publishied previosly without Source Code. Now The Source Code is Available.

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