Hi,
Is there eny one that have this indicator in easy language?
Best regards
Calculation :
first high stop = HIGHEST[p](high) - x * Average True Range[p]
first low stop = LOWEST[p](high) + x * Average True Range[p]
stop short = HIGHEST[q](first high stop)
top long = LOWEST[q](first low stop)
Interpretation :
This indicator indicates the stop for a position (short or long). It is calibrated on the true range and beyond the security's volatility. Hence,the stops are placed under (and on) the high (low) on the p last bars.The difference is proportional to the average True Range on P bars. The stops displayed on the chart are obtained with the first stops (high and low) on the q last bars.
http://www.forex-tribe.com/Apprendre-ch ... l-stop.php
Chande Kroll Stop indicator
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