Hello everyone, I have added levels 4 (ATR*1.25) and 5 (ATR*1.50) to the ATR Probability Levels indicator.
If you like to trade mean reversion, I suggest taking positions at levels 4 and 5 for optimal entry, since most traders are taught to set their stop at a minimum of 1 ATR from their entry. This gives you an advantage and a higher chance of a reversal due to some positions closing.
My request: Would it be possible to add a history mode to the indicator for easier backtesting?
Thanks in advance.