ATR measures average price volatility. That’s why Stop & Target levels based on ATR naturally adjust to market conditions, giving your trades breathing room through noise and shakeout. If you're looking for a Stop/Target placement tool that uses ATR for NinjaTrader 8, check out ATR-TradeShield. Here’s a quick look at what it offers: It’s a standalone ATR tool for NinjaTrader 8 that lets you place Stop and Target levels instantly at any entry point, with no Strategy Builder setup. It is built to save time and reduce manual steps, including auto-handling stop movement, setting up stop & target, and managing combined or split positions. It’s a practical option if you want your Stop and Target levels to reflect current volatility instead of fixed assumptions.
I wonder if lcarus's custom MT4 indicator offered more dynamic adjustments based on the current ATR print rather than just a fixed entry point calculation? Always interesting to see custom solutions, which are rare nowadays