OPEN-SOURCE SCRIPT
Realtime ATR-Based Stop Loss Numerical Overlay
Realtime ATR-Based Stop Loss Numerical Overlay
A simple, effective tool for dynamic risk management based on ATR (Average True Range) without adding cluttered and distracting lines all over your chart.
📌 Description
This script plots a real-time stop loss level using the Average True Range (ATR) on your chart, helping you set consistent, volatility-based stops. It s both:
✅ Current chart timeframe
✅ Custom fixed timeframe inputs (1m, 5m, 15m, 1h, etc.)
The stop level is calculated as:
Stop = ATR × Multiplier
and updates in real-time. An overlay table displays on the bottom-right of your chart with the calculated stop value in a clean, simple way.
⚙️ Settings
ATR Timeframe Source:
Choose between using the current chart's timeframe or a fixed one (e.g. 5, 15, 60, D, etc).
ATR Length:
Period used to calculate the ATR (default is 14).
Stop Loss Multiplier:
Multiplies the ATR value to define your stop (e.g., 1.5 × ATR).
Wait for Timeframe Closes:
If enabled, the ATR value waits for the selected timeframe’s candle to close before updating. If unselected, it will update in real time.
🛠️ How to Use
Add this script to your chart from your indicators list.
Configure your desired timeframe, ATR length, and multiplier in the settings .
Use the value shown in the table overlay as your suggested stop loss distance from entry.
Adjust your position sizing accordingly to fit your risk tolerance.
This tool is especially useful for traders looking for adaptive risk management that evolves with market volatility — whether scalping intraday or swing trading.
💡 Pro Tip
The ATR stop can also be used to dynamically trail your stop behind price movement.
A simple, effective tool for dynamic risk management based on ATR (Average True Range) without adding cluttered and distracting lines all over your chart.
📌 Description
This script plots a real-time stop loss level using the Average True Range (ATR) on your chart, helping you set consistent, volatility-based stops. It s both:
✅ Current chart timeframe
✅ Custom fixed timeframe inputs (1m, 5m, 15m, 1h, etc.)
The stop level is calculated as:
Stop = ATR × Multiplier
and updates in real-time. An overlay table displays on the bottom-right of your chart with the calculated stop value in a clean, simple way.
⚙️ Settings
ATR Timeframe Source:
Choose between using the current chart's timeframe or a fixed one (e.g. 5, 15, 60, D, etc).
ATR Length:
Period used to calculate the ATR (default is 14).
Stop Loss Multiplier:
Multiplies the ATR value to define your stop (e.g., 1.5 × ATR).
Wait for Timeframe Closes:
If enabled, the ATR value waits for the selected timeframe’s candle to close before updating. If unselected, it will update in real time.
🛠️ How to Use
Add this script to your chart from your indicators list.
Configure your desired timeframe, ATR length, and multiplier in the settings .
Use the value shown in the table overlay as your suggested stop loss distance from entry.
Adjust your position sizing accordingly to fit your risk tolerance.
This tool is especially useful for traders looking for adaptive risk management that evolves with market volatility — whether scalping intraday or swing trading.
💡 Pro Tip
The ATR stop can also be used to dynamically trail your stop behind price movement.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.