Pine Script ATR Stop Loss

Sets your stop a multiple of ATR from the entry price so stop distance adapts to current volatility instead of a fixed tick count.

Copy//@version=6
strategy("ATR Stop Loss", overlay=true, calc_on_every_tick=false)

// ── Inputs ──────────────────────────────────────────────
atrLen  = input.int(14, "ATR Length", minval=1)
atrMult = input.float(1.5, "ATR Multiplier", step=0.1, minval=0.1)

// ── ATR ──────────────────────────────────────────────────
atr = ta.atr(atrLen)

// ── Entry logic (replace with your own conditions) ───────
longCondition  = ta.crossover(ta.ema(close, 9), ta.ema(close, 21))
shortCondition = ta.crossunder(ta.ema(close, 9), ta.ema(close, 21))

if longCondition
    strategy.entry("Long", strategy.long)

if shortCondition
    strategy.entry("Short", strategy.short)

// ── ATR stop, anchored to average entry price ────────────
if strategy.position_size > 0
    strategy.exit("Long Exit", "Long", stop=strategy.position_avg_price - atr * atrMult)

if strategy.position_size < 0
    strategy.exit("Short Exit", "Short", stop=strategy.position_avg_price + atr * atrMult)

// Visual: plot the active stop level
plot(strategy.position_size > 0 ? strategy.position_avg_price - atr * atrMult :
     strategy.position_size < 0 ? strategy.position_avg_price + atr * atrMult : na,
     "ATR Stop", color=color.new(color.red, 0), style=plot.style_linebr)

Settings

• atrLen — ATR lookback length. Default 14.
• atrMult — stop distance as a multiple of ATR. Default 1.5.

How to use

• Paste into a blank Pine Editor tab, or copy the ATR + strategy.exit blocks into your own strategy.
• Replace the EMA-crossover placeholder with your own entry conditions — the stop logic is independent of the entry.
• The stop recalculates each bar from strategy.position_avg_price, so it stays anchored to your fill, not to the signal bar.
• The red line on the chart is the live stop level — verify it sits outside normal bar noise on your timeframe.

Frequently Asked Questions

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