Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
ATR Trailing Stop Loss I for Metastock
Rating:
0 / 5 (Votes 0)
Tags:
metastock, stop loss, atr
Average True Range (ATR) is usually used to set trailing stops to close positions based on average true range. Not commonly used to open positions.
The following indicator plots the ATR stop loss as two bands using a 5 day ATR with a multiplication factor of 2.5. The lower band is used a stop loss for long positions while the top band can be used as a stop loss for short positions.
Screenshots
Files
Indicator / Formula
Copy & Paste Friendly
HHV(H - 2.5*ATR(5),10); LLV(L + 2.5*ATR(5),10);
0 comments
Leave Comment
Please login here to leave a comment.
Back