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Created page with "=== Definition=== ATR Trgt & Trail LX calculates a market-based profit target and a delayed trailing stop.<br> The profit target is equal to NumATRs times the average true ra..."
=== Definition===
ATR Trgt & Trail LX calculates a market-based profit target and a delayed trailing stop.<br>
The profit target is equal to NumATRs times the average true range of the last ATRLength bars above the entry.<br>
The delayed trailing stop will become active when the number of bars in position exceeds NumBars.
=== Usage===
Long exit based on the profit amount generated in relation to the market volatility.
=== Default Inputs ===
'''ATRLength''' - number of bars that should be included into the average true range calculation.<br>
'''NumATR''' - average true range multiplier which is subtracted from the entry price and determines the stop value.<br>
'''NumBars''' - number of bars after entering the position where the trailing stop is activated.
'''Note:''' Use [[ATR Trgt & Trail SX]] for exiting a short position.
[[Category:Pre-built Signals]]
ATR Trgt & Trail LX calculates a market-based profit target and a delayed trailing stop.<br>
The profit target is equal to NumATRs times the average true range of the last ATRLength bars above the entry.<br>
The delayed trailing stop will become active when the number of bars in position exceeds NumBars.
=== Usage===
Long exit based on the profit amount generated in relation to the market volatility.
=== Default Inputs ===
'''ATRLength''' - number of bars that should be included into the average true range calculation.<br>
'''NumATR''' - average true range multiplier which is subtracted from the entry price and determines the stop value.<br>
'''NumBars''' - number of bars after entering the position where the trailing stop is activated.
'''Note:''' Use [[ATR Trgt & Trail SX]] for exiting a short position.
[[Category:Pre-built Signals]]