This indicator plots Donchian Channel boundary lines along with dynamic fan projections directly on the price chart. It calculates the highest high, lowest low, and median price over a customizable lookback period. Whenever price establishes a new channel high
Indicator · Pine Script v5 · On the chart
Volatility Stop
The Volatility Stop indicator calculates a trailing stop level based on Average True Range (ATR) to help identify trend direction and reversal levels.
GitHub stars99on the repository
Pine versionv5runs as is
Lines of code16
Settings2inputs
LicenceApache-2.0
Last update4 weeks ago27 Sep 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
16 lines of Pine Script v5 from lib/reversals/vstop/vstop.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Volatility Stop", "VSTOP", overlay=true)
period = input.int(20, minval=1)
multiplier = input.float(2.0, minval=0.0)
atr = ta.atr(period)
var float stop = na
var bool rising = true
candidate = rising ? close - multiplier * atr : close + multiplier * atr
stop := rising ? math.max(nz(stop, candidate), candidate) : math.min(nz(stop, candidate), candidate)
if rising and close < stop
rising := false
stop := close + multiplier * atr
if not rising and close > stop
rising := true
stop := close - multiplier * atr
plot(stop, "Stop", color=rising ? color.green : color.red, linewidth=2)
Overview
Volatility Stop tracks price changes over a user-defined ATR period and multiplier, plotting a green line during uptrends and a red line during downtrends directly on the price chart. When the close price crosses the stop level, the indicator flips direction and adjusts the trailing stop.
- ATR-based trailing stop level
- Color-coded trend direction tracking
- Customizable period and multiplier inputs
Details
Published by
mihakralj on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Trend, Support & resistance
Markets
Any symbol
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
algorithmic-tradingcsharpdotnetpinescriptpythonquantitative-financesimdta-libtechnical-analysistechnical-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| period | int | 20 | period |
| multiplier | float | 2.0 | multiplier |
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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