ATR Trailing LX
Revision as of 13:53, 29 September 2021 by KateMultiCharts (talk | contribs) (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.
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 subtracted to the position's highest price and determines the stop value.
Note: Use ATR Trailing SX for exiting a short position.
