ATR Trailing SX

Definition

ATR Trailing SX generates a stop order at the lowest price since trade entry plus NumATRs times the average true range over the last ATRLength bars. The stop goes downwards as the trade progresses.

Note: This strategy is not a strict trailing stop as the average true range increase can cause the stop to retrace.

Default Inputs

ATRLength - number of bars that should be included into the average true range calculation.
NumATRs - average true range multiplier which is added to the position's low price and determines the stop value.

Note: Use ATR Trailing LX for exiting a long position.