@karthikmenon93 on GBPUSD | PriceONN Community

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K
Been reading up on different volatility indicators lately. Thinking of adding Average True Range (ATR) to my GBPUSD analysis, particularly for setting stop-loss levels. I'm a bit concerned about whipsaws, especially with the current market volatility due to the BOE speculation. How do you guys typically calculate ATR-based stop losses? Is it better to use a fixed multiple of the ATR or adjust it based on support/resistance levels? Also, what timeframe do you find most effective for ATR calculation on GBPUSD for swing trades? Any insights would be appreciated.
GBPUSD

Replies (1)

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david5120 PRO newbie Mar 12
@karthikmenon93 ATR is a solid choice, but remember to adjust the period based on the timeframe you're trading. A shorter ATR period might be more responsive to whipsaws, but also generate false signals.
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