fxcodebase-backup
Wilders Trailing Stop indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=66098
Forum: 48 · Topic 66098 · 1 post(s)
Wilders Trailing Stop indicator
Alexander.Gettinger · Wed May 02, 2018 3:07 pm
Formulas: WTS[i] = Max(WTS[i-1], Close[i]-loss), if Close[i]>WTS[i-1] and Close[i-1]>WTS[i-1], WTS[i] = Min(WTS[i-1], Close[i]+loss), if Close[i]<WTS[i-1] and Close[i-1]<WTS[i-1], WTS[i] = Close[i]-loss, if Close[i]>WTS[i-1], WTS[i] = Close[i]+loss, in other cases, where loss = Coeff*ATR, ATR - Average True Range with Period.
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