Average True Range Stop Loss Finder

This is a volatility-based stop-loss indicator that plots two dynamic price levels using the Average True Range (ATR): a High Stop above the market and a Low Stop below it. Instead of a fixed pip or point distance, the stop level automatically widens when volatility increases and tightens when the market calms down, giving a more realistic buffer for placing stops.

The High Stop is calculated as the current high plus ATR multiplied by a chosen multiplier, and the Low Stop is calculated as the current low minus ATR multiplied by the same multiplier. You can choose between four ATR smoothing methods (RMA, SMA, EMA, WMA), adjust the ATR length and multiplier to control sensitivity, and toggle each line on or off independently with your own colors. A small on-chart panel also shows the live ATR value along with the current High Stop and Low Stop levels, and can be placed in any of the four chart corners.

For trading, use the Low Stop line as a volatility-adjusted stop-loss reference on long trades, and the High Stop line as a volatility-adjusted stop-loss reference on short trades. When the ATR value is high, consider a larger multiplier for extra breathing room; when it is low, a smaller multiplier keeps risk tighter. This indicator does not generate buy or sell signals on its own and works best combined with your own entry method, structure analysis, or trading strategy. Suitable for any symbol and timeframe.