Quick ATR Calculation
for Stock/ETF/Forex Trades
Trailing Stop Loss:
Look at 15 minute chart for past day:
Stocks/ETF: Take average ATR of past 24 hours and multiply by 2 then by 1.24
Forex: Take highest ATR of past 24 hours and multiple by 2 then by 1.62
Take profit:
Take Trailing SL calculation and multiply by 1.618