This is a atr stops version using a jurik smoothed Atr controlled by the atr period. Since it's faster and smoother than the regular Atr looks like you can increase the atr period somewhat and eliminate some bad trades.

My thanks to mrTools for this very useful indicator. I have added "Automatic next time frame" to choose in mtf mode which then always plots the next higher TF to the current TF.

Kenrobert1 wrote: Tue Jun 15, 2021 7:27 am Ok, Thank you, Mrtool. Just hope you, Mladen can add all 37+ moving averages to this one instead. It's really working great for my trading. Thank you again

Added the averages and a few other things, also optimized the code somewhat.

mrtools wrote: Tue Jun 15, 2021 10:41 am Added the averages and a few other things, also optimized the code somewhat.

Thank you so much, Mrtools for your quick response. Amazing update we have here.

possible to add a button to this indicator

mrtools wrote: Tue Jun 15, 2021 10:41 am Added the averages and a few other things, also optimized the code somewhat.

Hi Mr Tools
Is it possible to add a button to this indicator appreciate all you and your
teams great work
Thank you

The VWAP is also a good stop loss indicator just like the ATR. I prefer using it over ATR because the former concentrates on averaging the closing positions while ATR calculates the average of true ranges specified in a particular time frame.
However both the indicators look out for the volatility and fluctuations anticipated via averages which often makes it difficult to choose between these two

Kenrobert1 wrote: Sun Jul 04, 2021 7:01 pm Good morning, Mrtools from Nigeria. It's cold over here. How is the weather over at your end? Please help me add your 40+ moving averages & all price options to this indicator. Thanks for all yyou do.

Rainy and warm here. Added the averages and prices.

mrtools wrote: Mon Jul 05, 2021 3:15 am Rainy and warm here. Added the averages and prices.

Oh Mrtools! What a joy you bring. Thank you so much and I have a gift for you! Will send it across s00n. Thank you so much.

mrtools wrote: Mon Jul 05, 2021 3:15 am Rainy and warm here. Added the averages and prices.

where do you live btw

ionone wrote: Mon Jul 05, 2021 4:47 pm where do you live btw

Texas in the us.