by 
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
Volatility Stop
This indicator plots a Volatility Stop on the price chart.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code24
Settings3inputs
LicenceMIT
Last update3 years ago10 Feb 2023
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 Technical-Indicators/Technical Indicators are Here🤩/Volatility-Stop.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Volatility Stop", "VStop", overlay=true, timeframe="", timeframe_gaps=true)
length = input.int(20, "Length", minval = 2)
src = input.source(close, "Source")
factor = input.float(2.0, "Multiplier", minval = 0.25, step = 0.25)
volStop(src, atrlen, atrfactor) =>
var max = src
var min = src
var uptrend = true
var stop = 0.0
atrM = nz(ta.atr(atrlen) * atrfactor, ta.tr)
max := math.max(max, src)
min := math.min(min, src)
stop := nz(uptrend ? math.max(stop, max - atrM) : math.min(stop, min + atrM), src)
uptrend := src - stop >= 0.0
if uptrend != nz(uptrend[1], true)
max := src
min := src
stop := uptrend ? max - atrM : min + atrM
[stop, uptrend]
[vStop, uptrend] = volStop(src, length, factor)
plot(vStop, "Volatility Stop", style=plot.style_cross, color= uptrend ? #009688 : #F44336)
Overview
Volatility Stop trails a stop from the running high or low of the source, offset by the average true range times a multiplier, and flips the trail when the source crosses the stop. An uptrend colors the stop one way and a downtrend the other, drawn as crosses. Length sets the ATR period, Source chooses the price series, and Multiplier scales the ATR distance. It does not generate orders, entries, exits, or position sizing.
- ATR-based trailing volatility stop
- Uptrend and downtrend stop color
- Adjustable ATR length and multiplier
- Configurable price source
- Cross-style plot on the price chart
Details
Published by
TWODS-CAPITAL on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Trend
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | length |
| Source | source | close | src |
| Multiplier | float | 2.0 | factor |
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.
Similar Pine Scripts
The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Range Filter [Alorse] is a technical indicator overlay for TradingView designed to filter market volatility and identify price trends. It calculates a smoothed range based on historical volatility using a configurable sampling period and multiplier applied to
This indicator calculates an ATR trailing stop line derived from the highest high minus an average true range multiple over a specified lookback period. It plots the trailing stop line directly on the price chart and colors price bars based on whether the clos
This indicator plots three exponential moving averages and ATR volatility envelopes on the price chart. It compares the fast and slow EMAs to shade a trend ribbon and marks confirmed upward and downward crossovers with triangle labels. Settings change the thre
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
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers