Hello Traders,
You may have heard that it's highly advised you should know where your target and stoploss points are before you enter a trade.
One of the great indicators in history is the average true range a.k.a ATR.
Here is how you can use the ATR to set your target at 1.5 x ATR and stoploss at 2 x ATR:
This indicator shows you where the 1.5 x ATR and 2 x ATR from bar close on chart instead of manually calculating it by hand.