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Registered User
Joined: 4/19/2016
Posts: 41
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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.
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Registered User
Joined: 4/19/2016
Posts: 41
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Oh.. I got the latter to work. I was missing the move arrows.
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Registered User
Joined: 4/19/2016
Posts: 41
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And I got the ATR one to work.
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Registered User
Joined: 4/19/2016
Posts: 41
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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.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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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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