ATR Trailing Stop (TSL) Indicator MT5 Download - Free - [TradingFinder]

The ATR Trailing Stop (ATR TSL) indicator is part of the Volatility Indicators series designed for position and risk management in MetaTrader 5.

This indicator calculates the "ATR" average value to dynamically and continuously draw stop loss lines on the price chart.

The stop loss levels plotted by this indicator are adjusted according to the price trend's volatility, providing reliable areas for placing stop loss orders.

The lines drawn above the price are green and suitable for sell positions, while the lines below the price are red and suitable forbuy positions.

Indicator Specifications Table

The practical features of the indicator are summarized in the table below:

ATR Trailing Stop in an Uptrend

The price chart of the EUR/USD currency pair in a 30-minute time frame demonstrates how this indicator functions in an uptrend.

As shown in the image, with the price increase, the dynamic stop loss also movesupward and gets closer to the price.

The price rise also increases the average value (ATR), which reduces the distance between the stop loss and the price.

ATR Trailing Stop in a Downtrend

The price chart of Binance Coin (BNB) cryptocurrency on a 1-hour time frame demonstrates how this indicator functions in a downtrend.

As shown in the image, with the price decrease, thedynamic stop loss also moves downward and closer to the price.

The price drop inversely increases the average value (ATR), reducing the distance between the stop loss and the price.

Indicator Settings

The settings of the ATR Trailing Stop (ATR TSL) indicator are as follows; a comprehensive guide to the indicator's settings and adjustable parameters:

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

Conclusion

The ATR Trailing Stop (ATR Trailing Stop Loss) indicator is part of the MetaTrader 5 indicators series used to analyze trend movement. It is designed intelligently for risk management and provides better control over trades.

Traders using this tool will be more flexible against sudden market changes. Using theATR Trailing Stop Indicator alongside other trading tools gives traders a clearer view of the trend.