@karthikmenon93 on GBPUSD | PriceONN Community
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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.