OPEN-SOURCE SCRIPT

Daily ATR SL/TP Labels on Chart

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ATR-Based Stop Loss & Take Profit Calculator
This script calculates 20% of the Average True Range (ATR) to determine optimal Stop Loss and Take Profit levels. Designed to assist traders in setting precise risk parameters when placing Buy/Sell orders based on daily market volatility.
Key Features:

Computes 20% of ATR value for proportional risk management
Provides dynamic SL/TP levels aligned to current market conditions
Optimised for Daily timeframe analysis to capture full trading day range

Recommended Usage:
Apply on Daily (1D) timeframe for most accurate results, as this captures the complete intraday price movement and provides reliable volatility measurements for position sizing and risk management decisions.

면책사항

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