ilmscore | Prediction Details
"instead I like to use an ATR indicator which gives you the average of the last 14 candles and then you can use that as a stop-loss below these wicks that's one way to use the stop the other way is just to take the ATR indicator and multiply it by a certain numeric character such as ATR times two is my stop-loss"
By The Trading Channel (The Trading Channel) | January 31, 2020 | Pending
From video
PROFITABLE TRADING STRATEGY IN LESS THAN 15 MINUTES (That Actually Works...) 00:11:24 - 00:11:40
Interpreted Prediction
The Average True Range (ATR) indicator can be used to set stop-losses, either directly below wicks or by multiplying the ATR value by a factor (e.g., ATR x 2).

Prediction Details

Topic
ATR for Stop-Loss Calculation

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