ATR Trailing Stops indicator for Sierra Chart

ATR Trailing Stops is a principle that uses the Average True Range, a measure of price volatility, and uses it to set a trailing stop loss.


The idea is that ATR gives a guide to the average volatility of price movements over a given period, making it easier to be more accurate about where to set the stop-loss.


True Range is calculated by looking at the price change and using the greater of three calculations: (high – previous close), (previous close – low) or (high – low).

The ATR Trailing Stop is plotted above the price when the symbol is in a downtrend or below the price when the symbol is in a uptrend.

Please note that this is only an indicator, it will not take any trade or exit any of your existing order.






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You can change the plot style from here: