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ATR Trailing Stop (TSL) Indicator MT4 Download - Free - [TradingFinder]

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ATR Trailing Stop (TSL) Indicator MT4 Download - Free - [TradingFinder]
ATR Trailing Stop (TSL) Indicator MT4 Download - Free - [TradingFinder] 0
ATR Trailing Stop (TSL) Indicator MT4 Download - Free - [TradingFinder] 1
ATR Trailing Stop (TSL) Indicator MT4 Download - Free - [TradingFinder] 2
ATR Trailing Stop (TSL) Indicator MT4 Download - Free - [TradingFinder] 3
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The ATR Trailing Stop Indicator (ATR TSL) is a practical tool for MetaTrader 4 for risk management. This indicator creates a moving stop loss using the market’s Average True Range (ATR), which automatically adjusts based on price fluctuations.

As market volatility changes, the ATR Trailing Stop moves the stop loss automatically in favor of traders. In an uptrend, the stop loss is plotted in green, and in a downtrend, it is plotted in red.

Indicator Specifications Table

The important features and parameters of the indicator can be seen in the table below:

Category

Price Action - High Volatility - Trading Tools

Platform

MetaTrader 4

Skill Level

Beginner

Indicator Type

Reversal

Time Frame

Multi timeframe

Trading Style

Swing Trading

Market

All Markets

Uptrend Conditions

The price chart of the GBP/USD currency pair in the 1-hour time frame demonstrates how this indicator functions in an uptrend. As shown in the image, the market’s Average True Range (ATR) also rises as the price increases.

This increase in ATR decreases the gap between the stop loss and the price. Additionally, the Trailing Stop Loss (TSL) dynamically moves upward as the price rises.

Uptrend Conditions
How the indicator functions in an uptrend

Downtrend Conditions

The cryptocurrency Bitcoin (BTC) price chart in the 4-hour time frame demonstrates how this indicator functions in a downtrend. As shown in the image, the market’s Average True Range (ATR) also drops as the price decreases.

This drop in ATR decreases the gap between the stop loss and the price. Additionally, the Trailing Stop Loss (TSL) dynamically moves downward as the price declines.

Downtrend Conditions
How the indicator functions in a downtrend

Settings

The advanced options in the settings section of the ATR Trailing Stop Loss (ATR TSL) indicator are as follows:

Settings
Indicator Settings
  • Inp Period: Input period set to 10;
  • Inp Coeff: Input coefficient set to 4.0.

Conclusion

With its dynamic and intelligent stop loss adjustments, the ATR Trailing Stop Indicator in MetaTrader 4 offers better control over trades while alerting traders to sudden and sharp market changes.

Properlyunderstanding how this indicator works and how to use it appropriately can significantly improve overall trading performance and help preserve capital.

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FAQs

What exactly does the ATR Trailing Stop Indicator do?

This indicator continuously plots a dynamic stop loss at appropriate trend points based on the Average True Range (ATR).

What trading styles is the ATR TSL indicator suitable for?

The ATR Trailing Stop Indicator suits all trading styles, including swing trading and fast scalping.

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