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ATR bands |
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maximo 
BullCharts Guru 
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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 Topic: ATR bandsPosted: 06 Jul 2010 at 11:54pm |
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Okay, added a top band.
Mult:= Input("ATR Multiplier",2,1);Nb:= Input("Nb Periods",14,1);HH := Close-Mult*ATR(Nb);LL := Close+Mult*ATR(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 |
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jalna
Regular 
Joined: 31 Mar 2007 Posts: 95 |
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Posted: 06 Jul 2010 at 10:31am |
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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 |
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rbbrain
BullCharts Staff 
Joined: 22 Jul 2006 Location: Melbourne Posts: 169 |
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Posted: 04 Jul 2010 at 9:13pm |
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Hi guys,
Have you looked at the Wilson ATR Trailing Stop indicator? It is very useful and it does have customisable parameters. Cheers |
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Convenor - Australian BullCharts User Group Brainy's Share Market Toolbox and BullCharts Tips [/CENTER |
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maximo
BullCharts Guru
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Posted: 01 Jul 2010 at 11:04pm |
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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 |
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jalna
Regular
Joined: 31 Mar 2007 Posts: 95 |
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Posted: 01 Jul 2010 at 2:20pm |
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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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