ATR + PSAR Trailing Stop (Expo)This ATR + PSAR Trailing Stop indicator is unique. It comes with new ways of calculating ATR and PSAR to enhance performance and accuracy as well as give clarity in trends. The indicator can be used standalone or as a part of your current trading strategy.
ATR + PSAR Trailing Stop (Expo) is a trailing stop indicator that combines ATR and PSAR to enhance the calculation of the trailing stop. This indicator works well in all types of markets, for example, in a trading range or in a trending market, etc.
The user can choose between the following ATR Settings:
Quick ATR
Adaptive ATR
Follow the price closely - ATR
Standard ATR
Trend ATR
The user can enable Trend ATR which displays the overall market structure. If the Trend ATR line is above the price we have a negative market structure, and if the Trend ATR line is below the price we have a positive market structure.
Real-time
No repainting
Works on any market and in any timeframe
HOW TO USE
- Use the ATR + PSAR Trailing Stop as a stop-loss.
- Use the indicator for taking a position when price crosses the ATR trailing line or taking a position when price crosses the PSAR circles.
- Use the indicator to identify the current market structure and trend.
The indicator can be used standalone or as a part of your current trading strategy.
INDICATOR IN ACTION
1-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
