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Ask a Trainer - TC2000 version 12/18
ATR trail Stops plotted?
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.
Oh.. I got the latter to work. I was missing the move arrows.
And I got the ATR one to work.
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.
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)
MIN(C1 - 1.25 * ATR10.1, 10)
With the reverse being:
MAX(C1 - 1.25 * ATR10.1, 10)
MAX(C1 + 1.25 * ATR10.1, 10)