ATR Bands by GenZai
Script here:
HOW TO USE:
The Bands help you to position your StopLosses or TrailStops.
If you trade using NNFX methodology, you want to position them using the ATR, so this indicator helps you to do so.
The upper band is:
the close of last candle + (ATR of last candle x ATR multiplier).
The lower band is:
the close of last candle - (ATR of last candle x ATR multiplier).
You get the last candle thanks to the offset 1, but you can tweak this offset if you want to play around.
Script here:
HOW TO USE:
The Bands help you to position your StopLosses or TrailStops.
If you trade using NNFX methodology, you want to position them using the ATR, so this indicator helps you to do so.
The upper band is:
the close of last candle + (ATR of last candle x ATR multiplier).
The lower band is:
the close of last candle - (ATR of last candle x ATR multiplier).
You get the last candle thanks to the offset 1, but you can tweak this offset if you want to play around.