ATR-Based Stop-Loss Indicator with Adjustable Lookback and ATR Period

Summary

This document describes an indicator that plots stop-loss levels based on Average True Range. It provides an adjustable multiplier and ATR period, and includes helper functions so the calculation can be called from other code. The author says it can be used on any timeframe and describes it as non-repainting.

The listed settings include a lookback length for checking bar prices and the ATR calculation period. The document does not explain the precise stop placement formula, how the multiplier is applied, or whether stops trail price or remain fixed after entry. It supplies no strategy rules, backtest results, or performance evidence, so it describes an indicator component rather than a complete trading system. Practical evaluation would require clarifying the calculation and testing it across instruments and market conditions.

Key ideas

• The indicator plots stop-loss levels using ATR and exposes a multiplier and ATR period as settings.
• Helper functions are intended to make the calculation reusable from external code.
• The document identifies a lookback length and ATR period but does not specify the full stop formula.
• It claims the indicator does not repaint but provides no backtest or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.