fxcodebase-backup
Modified ATR Stop Level indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=59637
Forum: 17 · Topic 59637 · 2 post(s)
Modified ATR Stop Level indicator
Alexander.Gettinger · Wed Oct 09, 2013 5:55 pm
The indicator can be used to calculate the stop levels for trading.
Formulas: TS[i] = Max(TS[i-1], Close[i]-loss), if Close[i]>TS[i-1] and Close[i-1]>TS[i-1], TS[i] = Min(TS[i-1], Close[i]+loss), if Close[i]<TS[i-1] and Close[i-1]<TS[i-1], TS[i] = Close[i]-loss, if Close[i]>TS[i-1], TS[i] = Close[i]+loss, if Close[i]<TS[i-1], where loss = Coeff*WMA(Diff, Period), WMA - Wilder Exponential Moving Average, Diff[i] = Max(HiLo, Href, Lref), HiLo[i] = Min(High[i]-Low[i], MVA(High-Low, Period)), Href[i] = High[i]-Close[i-1], if Low[i]<=High[i-1], Href[i] = (High[i]+High[i-1]-Low[i]-Close[i-1])/2, if Low[i]>High[i-1], Lref[i] = Close[i-1]-Low[i], if High[i]>=Low[i-1], Lref[i] = (Close[i-1]+High[i]-Low[i-1]-Low[i])/2, if High[i]<Low[i-1].
Download:
For this indicator must be installed Averages indicator (viewtopic.php?f=17&t=2430).
The indicator was revised and updated
Re: Modified ATR Stop Level indicator
Apprentice · Mon Jun 12, 2017 6:11 am
The indicator was revised and updated.