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ATR Trailing Stop

ATR trailing stop can replace the moving average due to its accuracy in following the trend. The advantage lies in the use of ATR, so that ...

ATR trailing stop can replace the moving average due to its accuracy in following the trend. The advantage lies in the use of ATR, so that the trendline display is able to cover higher and lower price movements based on trading style preferences. In other words, ATR stops can be used by scalpers and swing traders. ATR Stop basically combines the ATR information to follow the latest price movement trends based on the average volatility of the target pair. The information on average volatility is then modified by the ATR stop coefficient as two lines that move above higher or lower prices such as channels. In this way, ATR stops can also be used as dynamic support and resistance limits. The blue line represents the upward trend, while the red line represents the downward trend. If you follow trends, pay attention when the line starts to change color from red to blue or vice versa. Buy when the line turns blue or Sell when red. Not only that, ATR Stop is more flexible than the moving average because besides being a trend follower it can also be used as a trend counter (inversion).
It also adjusts the ATR value setting and the coefficient on the ATR Stop indicator. If you are a scalper, use an ATR value less than 21 and a coefficient less than 5. Considering that if you are a swing trader you can set an ATR value greater than 50 and a coefficient greater than 5.
Download here the ATR shutdown indicator file. Then, open the MetaTrader 4 application. Open the "File" menu, then click on "Open data folder" Look for the folder where you saved the previously downloaded indicator file. Afterwards, return to the MetaQuotes terminal which opened for the first time when you opened the "Open data folder" menu Open "MQL4", then select the "Indicators" folder Copy and paste the NRTR_ATR_Stop.mq4 file in the Close MetaQuotes terminal folder and the MetaTrader 4 application Reopen MetaTrader 4 Please observe the "Navigator" window located under "Market Watch". In the "Indicators" section, there will be a new indicator, NRTR_ATR_Stop Drag and drop the indicator on the chart.
In the folder for download there are the following ATR Stop mql4 indicators:
ATR Stops mq4 V.1.1
ATR Trailing Stops mq4
ATR Trailing Stop V.3
In the pictures ATR Stop mq4 indicators
ATR Stops mq4 V.1.1

ATR Trailing Stops mq4

ATR Trailing Stop V.3

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