This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v5 · On the chart
ATR Trailing Stoploss
This indicator calculates an ATR trailing stop line derived from the highest high minus an average true range multiple over a specified lookback period.
GitHub stars318on the repository
Pine versionv5runs as is
Lines of code24
Settings4inputs
LicenceMIT
Last update2 months ago18 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
24 lines of Pine Script v5 from tv-scripts/tvt_atr_stoploss.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("[TVT] ATR Trailing Stoploss", overlay = true)
Atr = input.int(defval = 5, title = "Atr Period", minval = 1, maxval = 500)
Hhv = input.int(defval = 10, title = "HHV Period", minval = 1, maxval = 500)
Mult = input.float(defval = 2.5, title = "Multiplier", minval = 0.1)
Barcolor = input.bool(true, title = "Barcolor")
Prev = ta.highest(high - Mult * ta.atr(Atr), Hhv), ta.barssince(close > ta.highest(high - Mult * ta.atr(Atr), Hhv) and close > close[1])
TS = ta.cum(1) < 16 ? close : close > ta.highest(high - Mult * ta.atr(Atr), Hhv) and close > close[1] ? ta.highest(high - Mult * ta.atr(Atr), Hhv) : Prev
Color = close > TS ? color.green : close < TS ? color.red : color.black
barcolor(Barcolor ? Color : na)
plot(TS, color = Color, linewidth = 3, title = "ATR Trailing Stoploss")
Buy = ta.crossover(close, TS)
Sell = ta.crossunder(close, TS)
plotshape(Buy, "BUY", shape.labelup, location.belowbar, color.green, text = "BUY", textcolor = color.black)
plotshape(Sell, "SELL", shape.labeldown, location.abovebar, color.red, text = "SELL", textcolor = color.black)
alertcondition(Buy, "Buy Signal", "Buy ATR Trailing Stoploss")
alertcondition(Sell, "Sell Signal", "Sell ATR Trailing Stoploss")
Overview
ATR Trailing Stoploss plots the trailing stop line directly on the price chart and colors price bars based on whether the close is above or below the line. It generates buy signals when price crosses above the trailing stop and sell signals when price crosses below it, plotting labels and triggering alert conditions. Users can configure the ATR period, lookback period, ATR multiplier, and bar coloring.
- ATR trailing stop loss line
- Buy and sell chart labels
- Trend-based bar coloring
- Alert conditions for crossover signals
- Configurable ATR and HHV periods
Details
Published by
namuan on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Stocks
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
trading-strategiesmarket-analysisdtalestock-market-analysistelegram-botearnings-calendaroptions-trading
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Atr Period | int | 5 | Atr |
| HHV Period | int | 10 | Hhv |
| Multiplier | float | 2.5 | Mult |
| Barcolor | bool | true | Barcolor |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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