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Thread: ATR Based Stop

  1. #1
    Junior Member
    Join Date
    Oct 2009
    Posts
    4

    Exclamation ATR Based Stop

    Hi,
    I have seen this indicator for Metastock and seems good as a trailing stop for trading. Could someone code it as an indicator? If possible as two indicators Stop Loss - Long and Stop Loss - Short

    Formula in Metastock
    Stop Loss (Buy)

    HHV((LLV(L,3)-(ATR(10)/2)),10)

    Stop Loss (Sell)

    LLV((HHV(H,3)+(ATR(10)/2)),10)


    HHV = Highest High Value
    LLV = Lowest Low Value

    Thanks & Best Regards
    U S Galla
    Last edited by usgalla; 10-13-2009 at 12:41. Reason: Formula Correction

  2. #2

    Default

    This is the ATR Stop I use and have on my site. It's for MT4.

    ATR STOP

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Tags for this Thread

atr, indicator, indicators, mt4, stop, trading, trailing

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