Calculates and plots Stop Loss and Position Size, based on desired ATR factor.
Displays Stop Loss Price, SL Distance Percent and Position Size overlayed in the chart and plots a stop loss line. Additionally Stop Loss, ATR, SL Distance and Position Size are also displayed in the Data Window.
Available settings:
Trade - long / short ATR timeframe - Allows to use ATR based on different timeframe than the current chart. ATR factor - Stop Loss will be calculated by multiplying ATR with this factor. Show last - Amount of previous stop loss lines to plot Line Offset - Positions previous sl calculation under/above current price. Calculation Offset - Displays calculation based on price action of previous bar(s). Label Display Distance - Defines position of label relative to current bar. Risk - Amount you are going to risk if stop loss is hit.