Difference between revisions of "EntryBar ATR Stop LX"

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(Created page with "EntryBar ATR Stop LX generates a long exit Stop order on the entry bar at a calculated dollar amount below the Close price. The dollar amount deducted from the Close price is...")
 
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This signal may help to protect the long position from an instant trend reversal.
 
This signal may help to protect the long position from an instant trend reversal.
<div style="background-color: #E3FBE5;">'''Note''': The order may only be sent for the bar where the position was entered. </div>
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<div style="background-color: #E3FBE5;">'''Note''': The order may only be sent on the bar where the position is entered. </div>
 
This signal generates only long exit orders. Use [[EntryBar ATR Stop SX]] for exiting from a short position.  
 
This signal generates only long exit orders. Use [[EntryBar ATR Stop SX]] for exiting from a short position.  
  

Revision as of 16:08, 12 October 2021

EntryBar ATR Stop LX generates a long exit Stop order on the entry bar at a calculated dollar amount below the Close price. The dollar amount deducted from the Close price is calculated by multiplying the value specified in NumATRs input by the average true range of the number of bars specified in ATRLength input.
This signal may help to protect the long position from an instant trend reversal.

Note: The order may only be sent on the bar where the position is entered.

This signal generates only long exit orders. Use EntryBar ATR Stop SX for exiting from a short position.

Default Inputs

ATRLength (5) - number of bars for average true range calculation.

NumATRs (1) - multiplier of average true range.