fxcodebase-backup
Modified ATR Stop Level indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=66443
Forum: 48 · Topic 66443 · 1 post(s)
Modified ATR Stop Level indicator
Alexander.Gettinger · Mon Aug 06, 2018 2:10 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].
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