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saherelm
2024-01-25 04:07:49 +03:30
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xSamples/indicators/atr.stop.loss.pine
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//@version=3
study(title="ATR Stop-Loss", shorttitle="ATR-SL", overlay=true)
source = input(close, title="Source")
length = input(14, minval=1, title="Period")
multiplier = input(1.6, minval=0.1, step=0.1, title="Multiplier")
shortStopLoss = source + atr(length) * multiplier
longStopLoss = source - atr(length) * multiplier
plot(shortStopLoss, color=aqua, transp=0, linewidth=1, style=stepline, title="Short Stop Loss")
plot(longStopLoss, color=fuchsia, transp=0, linewidth=1, style=stepline, title="Long Stop Loss")