NeoButane

ATR Trailing Stop Bands [NeoButane]

These ATR bands and trailing stops can be used as a way to manage risk, enter breakout trades, or as support/resistance.

Please see here for information about payment and access: medium.com/@NeoButan...rs-list-d89695cc7a06

ATR Bands Features:
  • Shape plotted for closes out of bands
  • Custom resolution
  • Bands multiplier: useful for reducing size to increase signal
  • Band smoothing type: EMA, Hull MA, or no moving average smoothing
  • Calculated in geometric mean (log scaling) to resolve issues with flash dumps or pumps
  • Alerts for closing outside of bands

ATR Trailing Stop Features:
  • Based on daily resolution timeframe
  • Trailing stop multiplier: useful for curve-fitting to your instrument's normal trading range. Recommended multiplier between 1.5-3
  • Can be used as trading range (>3) or for breakout trading (<1.5)
  • Alerts for price touching stops


My published indicators: www.tradingview.com/u/NeoButane/

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