ATR Stop Loss in Pine Script: How to Build Smarter Risk Management That Actually Works
Here's something that'll hit close to home: you enter a trade with perfect timing, the setup looks flawless, and then BAM - you get stopped out by some random market hiccup, only to watch the price immediately bounce back and continue in your favor.
Sound familiar? Yeah, me too. For the longest time, I thought the problem was my entry timing or chart reading skills. Turns out, the real culprit was my stubborn habit of using the same stop loss distance for every single trade, regardless of whether the market was having a calm Tuesday or losing its mind during earnings season.
That's when I discovered ATR-based stop losses, and honestly, it changed everything about how I manage risk.







