Hey traders! Today, I’m excited to share a neat little tweak on the Mod_ATR_Trailing_Stop indicator created by Scriptor. You can check out the original version here.
This version features a single buffer instead of the standard two—so you’ll get just one line, making it less cluttered and easier to interpret. I’ve always been a fan of the original MT4-LevelStop-Reverse.v2 developed by Bruce Hellstrom (brucehvn), which also used just one buffer. This new adaptation is the closest I’ve come to that indicator for MetaTrader 5.
- Easy to use with just one line to follow.
- Perfect for those who prefer simplicity in their trading tools.
- Great for trend-following strategies.
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