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Created page with "=== Definition=== ATR Trailing LX generates a stop order at the highest price since trade entry minus NumATRs times the average true range over the last ATRLength bars. The s..."
=== Definition===
ATR Trailing LX generates a stop order at the highest price since trade entry minus NumATRs times the average true range over the last ATRLength bars. The stop goes upwards as the trade progresses.
<div style="background-color: #E3FBE5;">'''Note: This strategy is not a strict trailing stop as the average true range increase can cause the stop to retrace.'''</div>
=== Default Inputs ===
'''ATRLength''' - number of bars that should be included into the average true range calculation.<br>
'''NumATRs''' - average true range multiplier which is subtracted to the position's highest price and determines the stop value.<br>
'''Note:''' Use [[ATR Trailing SX]] for exiting a short position.
[[Category:Pre-built Signals]]
ATR Trailing LX generates a stop order at the highest price since trade entry minus NumATRs times the average true range over the last ATRLength bars. The stop goes upwards as the trade progresses.
<div style="background-color: #E3FBE5;">'''Note: This strategy is not a strict trailing stop as the average true range increase can cause the stop to retrace.'''</div>
=== Default Inputs ===
'''ATRLength''' - number of bars that should be included into the average true range calculation.<br>
'''NumATRs''' - average true range multiplier which is subtracted to the position's highest price and determines the stop value.<br>
'''Note:''' Use [[ATR Trailing SX]] for exiting a short position.
[[Category:Pre-built Signals]]