ATR LİNE

[yazar ilyas]

HELLO. HOW CAN I SET LINE ATR VALUE? CAN YOU GIVE A SHORT EXAMPLE MY FRIEND? https://fxdreema.com/shared/z90dOYkGc

[l'andorrà]

What do you exactly need? Why did you connect the 'draw line' block to the yellow output dot instead of the orange one?

[yazar ilyas]

Draw a line twice the ATR value.

https://fxdreema.com/shared/AZ8Eqxxvb

[l'andorrà]

This should work. Isn't it drawing it?

[yazar ilyas]

No. It didn't work. Can you test it? Can you create an example?

[yazar ilyas]

Can you send an example link?

[ambrogio]

this is because the ATR value is a price fraction, like 0.00023 i suggest you to search in forum for "ATR to pips", there are some solutions

[l'andorrà]

@ambrogio He selected that option by default.

[yazar ilyas]

Can you send me a sample photo? Thank you.

[ambrogio]

@yazar-ilyas said in ATR LİNE:

Can you send me a sample photo? Thank you.

actually the ATR has 0.00102 value, even multiplying it x2 = 0.00204, meanwhile the price is 1.03044

So, where you need to place this line?

[yazar ilyas]

I WANT THE STOP LOSS TO DRAW A HORIZONTAL LINE.

[ambrogio]

@yazar-ilyas ok, but first I would like to explain that in my opinion, using ATR value is an overcomplicated way to place a stop loss (for this i don't like this indicator at all)

ATR is roughly an average of the difference of high, low, close price ecc....in a candles series. So you will see that the value of atr is (roughly) the difference of two moving averages (high and low) on the chart.

that said, there is a formula for turning price fractions into pips, and then you can add it to the current price