Mod ATR Trailing Stop Loss Indicator for MT5

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Mod ATR Trailing Stop Loss Indicator for MT5

Introduction to the Mod ATR Trailing Stop Loss Indicator

One method traders use to identify trend direction and trend reversals is with the use of a multiple of the Average True Range (ATR). Traders simply multiply the ATR with a fixed multiplier and mark a distance opposite the direction of the trend coming from the extreme of price in the direction of the trend. The assumption is that price action should not reverse against its price extreme by more than a certain multiple of the ATR or else the trend would be void. The Mod ATR Trailing Stop Loss Indicator is based on this concept of using ATR to identify trend.

What is the Mod ATR Trailing Stop Loss Indicator?

The Mod ATR Trailing Stop Loss Indicator is a custom technical indicator which is a trailing stop loss indicator based on the Average True Range (ATR).

It plots a green line below price action to whenever the market is in an uptrend to indicate the level where price is very unlikely to reach as long as the market is still in an uptrend.

Bilang kabaligtaran, it also plots a red line above price action if the market is in a downtrend. This indicates the level where price is unlikely to breach as long as the downtrend is still in place.

Mod ATR Trailing Stop Loss Indicator for MT5

How the Mod ATR Trailing Stop Loss Indicator Works?

The Mod ATR Trailing Stop Loss Indicator uses an underlying ATR to compute for the distance between price action and the trailing stop loss. It multiplies the ATR with a multiplier or coefficient and plots the line. Sa isang uptrend, it would subtract the product from the latest high to indicate the trailing stop loss line. Sa isang pagbaba ng kasiglahan, it would instead add the product to the low to plot the trailing stop loss level.

How to use the Mod ATR Trailing Stop Loss Indicator for MT5

This indicator has two variables that can be used to modify the distance of the trailing stop loss line.

“Period” refers to the number of bars the indicator would use to compute for the ATR.

“Coefficient” refers to the multiplier used to measure the distance between the extreme price of the trend and the trailing stop loss.

How to use the Mod ATR Trailing Stop Loss Indicator for MT5

Although this indicator was developed to indicate a trailing stop loss, it can also be used to identify trend direction and trend reversals. Traders would simply look at the location of price action in relation to the line and trade in the direction of the trend.

Bumili ng Setup ng Kalakal

Kailan Papasok?

Price action should be above the green line. Wait for price to retrace near the green line. Open a buy order as price action shows signs of a bullish momentum reversal. Set the stop loss below the green line.

Kailan Lumabas?

Isara ang kalakal sa lalong madaling magpakita ang pagkilos ng presyo ng mga palatandaan ng isang bearish na pagbaluktot.

How to use the Mod ATR Trailing Stop Loss Indicator for MT5 - Bumili ng Kalakal

Ibenta ang Setup ng Kalakal

Kailan Papasok?

Price action should be below the red line. Wait for price to retrace near the red line. Open a sell order as price action shows signs of a bearish momentum reversal. Itakda ang stop loss sa itaas ng pulang linya.

Kailan Lumabas?

Isara ang kalakal sa lalong madaling magpakita ang pagkilos ng presyo ng mga palatandaan ng isang bullish pagbaligtad.

How to use the Mod ATR Trailing Stop Loss Indicator for MT5 - Magbenta ng Kalakal

Konklusyon

Although the Mod ATR Trailing Stop Loss Indicator was developed for the purpose of identifying clear stop loss levels, it is still an excellent trend following indicator. Traders can use this to filter out low probability trades going against the trend and wait for opportunities near these lines.

Mga tagapagpahiwatig ng MT5 – Mga Tagubilin sa Pag-download

Mod ATR Trailing Stop Loss Indicator for MT5 is a Metatrader 5 (MT5) tagapagpahiwatig at ang kakanyahan ng teknikal na tagapagpahiwatig na ito ay upang baguhin ang naipon na data ng kasaysayan.

Mod ATR Trailing Stop Loss Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Batay sa impormasyong ito, maaaring ipagpalagay ng mga mangangalakal ang karagdagang kilusan ng presyo at ayusin ang kanilang diskarte nang naaayon. Mag-click dito para sa Mga Stratehiya ng MT5

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How to install Mod ATR Trailing Stop Loss Indicator for MT5.mq5 to your MetaTrader 5 Tsart?

  • Download Mod ATR Trailing Stop Loss Indicator for MT5.mq5
  • Copy Mod ATR Trailing Stop Loss Indicator for MT5.mq5 to your Metatrader 5 Direktoryo / eksperto / tagapagpahiwatig /
  • Simulan o i-restart ang iyong Metatrader 5 Kliyente
  • Piliin ang Tsart at Timeframe kung saan mo nais na subukan ang iyong tagapagpahiwatig ng mt5
  • Maghanap “Mga Pasadyang tagapagpahiwatig” sa iyong Navigator na karamihan ay naiwan sa iyong Metatrader 5 Kliyente
  • Right click on Mod ATR Trailing Stop Loss Indicator for MT5.mq5
  • Maglakip sa isang tsart
  • Baguhin ang mga setting o pindutin ang ok
  • Indicator Mod ATR Trailing Stop Loss Indicator for MT5.mq4 is available on your Chart

How to remove Mod ATR Trailing Stop Loss Indicator for MT5.mq5 from your Metatrader 5 Tsart?

  • Piliin ang Tsart kung saan tumatakbo ang tagapagpahiwatig sa iyong Metatrader 5 Kliyente
  • Mag-right click sa Chart
  • “Listahan ng mga tagapagpahiwatig”
  • Piliin ang Tagapagpahiwatig at tanggalin

Mod ATR Trailing Stop Loss Indicator for MT5 (Libreng pag-download)

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