Volatility Stop Loss - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

Swing Stop is a technical indicator used to set effective stops. It can achieve a balance between trading profits and controlling market risks. Your stop loss should be some distance away from the price so you can control your risk, but wide enough to give the market room to move so you don't exit the trade prematurely.

The indicator has three adjustable parameters:

These three parameters allow you to set the necessary distance between the stop loss and the price.
The Volatility Stop Loss indicator helps set effective stops to achieve a balance between gaining profits from trades and controlling risk. The necessity of stop loss is very important and should not be set arbitrarily. It helps minimize risk. Keep in mind that using other indicators in addition to swing stops will help achieve your overall goals of profit and risk management.

Attachment download

📎 volatilitystop.mq5 (12.98 KB)

Source: MQL5 #49558