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

The ATR Trailing Stop indicator is one of the MetaTrader 4 indicators used for trade 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:

ATR TSL Indicator at a Glance

The ATR Trailing Stop Indicator adjusts based on market volatility using the Average True Range (ATR) and plots stop losses at critical points. When used alongside other technical analysis tools, this highly functional indicator helps traders enter trades with more optimized stop losses for better market analysis.

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.

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.

Settings

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

• 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.

A proper understanding of how this highly volatile indicator works and its appropriate use can play a significant role in improving overall trading performance and preserving capital.