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ATR trail Stops plotted? Rate this Topic:
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Hayniet4
Posted : Thursday, March 09, 2017 12:22:31 AM
Registered User
Joined: 4/19/2016
Posts: 41

Is there a way to plot an ATR based channel so that I could visualize a trailing stop idea?

 

I tried  C-(.5*(atr10) for 1/2 the 10 day ATR but it won't let me plot it on price?  What did I do wrong?

 

If true ATR is a problem then I could use some % of the 5 day range.  

Hayniet4
Posted : Thursday, March 09, 2017 12:27:33 AM
Registered User
Joined: 4/19/2016
Posts: 41

Oh.. I got the latter to work.  I was missing the move arrows. 

Hayniet4
Posted : Thursday, March 09, 2017 12:30:05 AM
Registered User
Joined: 4/19/2016
Posts: 41

And I got the ATR one to work.  

Hayniet4
Posted : Thursday, March 09, 2017 12:46:18 AM
Registered User
Joined: 4/19/2016
Posts: 41

Is there a way to incorporate the MIN / MAX functions to eliminate the jagged ness?

 

I'd like to see a price chanel that is the MIN mas of 1.25 times the c+/- the 10 day ATR.  Just to get a visual of how that would work as a trailing stop.

Bruce_L
Posted : Thursday, March 09, 2017 9:31:35 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Well if you used the 10 period for both the min and the ATR maybe something like the following (v17+ only):

MIN(C1 + 1.25 * ATR10.1, 10)

And:

MIN(C1 - 1.25 * ATR10.1, 10)

With the reverse being:

MAX(C1 - 1.25 * ATR10.1, 10)

And:

MAX(C1 + 1.25 * ATR10.1, 10)



-Bruce
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