Registered User
Joined: 12/29/2013
Posts: 71
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Hi Bruce, how can I use the Volatilty Stop to plot a 30% stop below the ATR(5) ?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I am not sure I understand the question.
The Volatility Stop Multiplyer is a multiple of ATR which will be plotted above or below the extreme price.
So setting this to 1.3 would plot the VS at 1 ATR + 30% of 1 ATR (or 130% of ATR) below the extreme.
If however you actually want to plot a line 30% below the value of the VS indicator itself, the only way I can think of would be to apply a 1 period envelope channel to the Volatility Stop indicator with the Width (%) setting set to 30. This will plot lines both 30% above and 30% below the VS indicator. I don't know of a way to just plot the line that is below and not plot the line that is abvoe.
-Bruce
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Registered User
Joined: 12/29/2013
Posts: 71
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Thanks Bruce , the envelope is Ok
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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