ATR Indicator Needed

Dear FF,

I am looking for an ATR Indicator that will:

* Show the stop lost in pips
* Adjustable (if we need it to x2 or x3 etc...)
* Shown in Pips on the charts itself
* Works on all timeframe & Currency pairs

I've seen it somewhere on this forum but right now, my best googling and searching has not been successful.....


Thank you to all FF members and readers of this thread....



Regards

Hello Mohamed,

please try this one

Good luck!!!

Hi Toledo,

Tks for the prompt reply....

The Indi that you gave me looks good..... Just 1 question though.... Does it place auto stop...??? Or does it just show where the stop are to be located for both Long & Short....???

Also please tell me what does:

* Count bars for shift means
* Count bars for average means
* Target means ( is this where we change the x2 or x3 etc...)

Lastly please tell me does this indi use the default counting of 14days?


Your assistance is much appreciated.... And i thank you once again for your help Sir.


Regards

Hi Mohamed !

Sorry for beeing a bit late...

OK, at first, this Indy don´t place auto stops! It´s fully manual and shows only your stops (targets).

Count bars for shift means, that you can adjust the distance of the Labels from the bars.

And count bars for average is the setting of the ATR (usually 14 Units (Day´s, Minutes whatever...)).

You´re right with the target. Here you can double or triple the ATR.

Good luck and a lot of pips !!!

Hi Toledo,

Thank you for your reply and assistance....

So the count bars for average default setting is now 77

I should change it to the usually 14 days right?

Is this 14 days also use for my 4h TF trading?

Thank you for helping a newbie like me....




Cheers

Hi Mohamed !

At first, there is something to explain : The standard 14 setting doesn´t mean day´s. It means the Number of bars in your special timeframe to calculate the ATR. Clear so far ???

For sure you can change the settings of this indy as much as you want to find out, what suites you best...

For me, I found out, the 77,2 setting is very profitable in the long run
It cut´s my losses very early an let my winners go to the nearly max.

Check it out...