UT Bot Indicator: Simple ATR Trailing Stop for TradingView Pine Script
Ever stared at a chart wondering when to get in or out of a trade? The UT Bot indicator might be exactly what you need. I've been using this thing for months now, and honestly, it's become one of my go-to tools for following trends without getting whipsawed by every little price movement.
The UT Bot is essentially a smart trailing stop system that uses ATR (Average True Range) to adapt to market volatility. When price breaks above the trailing line, it signals a buy. When it breaks below, it's time to sell. What I really love is how it colors your candles - green for uptrends, red for downtrends. Makes reading the market feel almost effortless.
