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ATR Trailing Stop
VolatilityA chandelier-style trailing stop based on Average True Range (ATR) that adapts to market volatility and color-codes for long/short bias.
How It Works
The indicator calculates ATR over a user-defined period and sets a trailing stop at a multiple of ATR away from the recent high (for longs) or recent low (for shorts). When price crosses the stop level, the bias flips. The stop line changes color to reflect the current directional bias.