ATR bands

Robert Brain (Brainy)

   Can someone write me ATR trailing stop that I can alter easily. The period and the multiple
eg 5 period at 1.5 or 2.5 etc
The bands on BC are set in the formula and the Jim Berg one is complicated

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jalna Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 31 Mar 2007 Posts: 95	Post Options Post Reply Quote jalna Report Post Quote Reply Topic: ATR bands Posted: 01 Jul 2010 at 2:20pm
	Can someone write me ATR trailing stop that I can alter easily. The period and the multiple eg 5 period at 1.5 or 2.5 etc The bands on BC are set in the formula and the Jim Berg one is complicated

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 01 Jul 2010 at 11:04pm
	Hi Jalna, This is as simple as i can make it. It resets when there's a close below the stop, which may be useful for re-entry stop. I included this in a simple active investing strategy of mine with a breakout indicator. I could post that as well with instructions if you like? Not much activity in the forum lately.. It would be good for anyone wishing to develop the most basic yet profitable plan. Mult:=Input("ATR Multiplier",2,1); Nb:=Input("Nb Periods",14,1); HH := Close-Mult*ATR(Nb); [target=price; color=black; linestyle=solid;] if(HH<prev and close>prev,prev,HH); Edited by maximo - 01 Jul 2010 at 11:23pm

rbbrain Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List BullCharts Staff Joined: 22 Jul 2006 Location: Melbourne Posts: 169	Post Options Post Reply Quote rbbrain Report Post Quote Reply Posted: 04 Jul 2010 at 9:13pm
	Hi guys, Have you looked at the Wilson ATR Trailing Stop indicator? It is very useful and it does have customisable parameters. Cheers
	Robert Brain (Brainy) Convenor - Australian BullCharts User Group Brainy's Share Market Toolbox and BullCharts Tips [/CENTER

jalna Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 31 Mar 2007 Posts: 95	Post Options Post Reply Quote jalna Report Post Quote Reply Posted: 06 Jul 2010 at 10:31am
	Thanks guys. maximo would it be possible to add a top band too. I will have a closer look at the wilson when i have time Thanks

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 06 Jul 2010 at 11:54pm
	Okay, added a top band. Mult:=Input("ATR Multiplier",2,1); Nb:=Input("Nb Periods",14,1); HH := Close-MultATR(Nb); LL := Close+MultATR(Nb); [target=price; color=black; linestyle=solid;] if(HH<prev and close>prev,prev,HH); [target=price; color=magenta; linestyle=solid;] if(LL>prev and close<prev,prev,LL); Edited by maximo - 06 Jul 2010 at 11:56pm