ATR Trailing Stop Loss (TSL) Indicator MT5 Download - Free | Forex Indicator Download - MetaTrader 5 Resources

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

The indicator calculates the Average True Range "ATR" average to draw stop loss lines dynamically and continuously on the price chart.

The stop-loss levels drawn by this indicator adjust according to fluctuations in the price trend, providing a reliable area for placing stop-loss orders.

The line drawn above the price is green and is suitable for a sell position, while the line drawn below the price is red and is suitable for a buy position.

Indicator specification table

The actual characteristics of this indicator are summarized in the following table:

ATR TSL indicators at a glance

Stop loss is considered one of the most critical factors in protecting capital and growth in financial markets. Traders manually calculate these areas and plot them on the chart, which runs the risk of making mistakes.

However, this indicator calculates “ATR” and draws stop loss lines at key trend points depending on the buy or sell position type.

ATR Trailing Stop in Uptrend

The price chart of the EUR/USD currency pair on the 30-minute time frame shows how this indicator works in an uptrend.

As shown in the figure, as the price rises, the dynamic stop also moves upward and closer to the price.

An increase in price also increases the average value (ATR), narrowing the distance between the stop loss and the price.

ATR Trailing Stop in Downtrend

The price chart of the Binance Coin (BNB) cryptocurrency on the 1-hour time frame showcases how this indicator operates within a downtrend.

As shown in the figure, as the price decreases, the dynamic stop loss also moves downward and approaches the price.

Falling prices instead increase the average value (ATR) and reduce the distance between the stop loss and the price.

Indicator Settings

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

• Inp Period : The input period is set to 10;
• Inp Coeff : The input coefficient is set to 4.0.

Conclusion

The ATR Trailing Stop (ATR Trailing Stop) indicator is part of the MetaTrader 5 family of indicators used for analyzing trend movements. It is intelligently designed for risk management and provides better trading control.

Traders using this trading tool will be more flexible in responding to sudden market changes. Using the ATR Trailing Stop indicator with other trading tools allows traders to understand trends more clearly.