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Stoploss Indicators

 

Average True Range Trailing Stop


NOTE: This trailing stop along with 5 others have been incorporated into the Ultimate Trailing Stop indicator.


Description - Click here to view the full size chart

 

This indicator is referenced in the "Block the Noise" seminar. 

  • Trailing stop loss indicator places plots on a chart based on distance between current price and average true range (ATR) times a multiplier.
  • When price breaks the stop loss line, an arrow indicating a direction change is plotted and the color of the indicator changes to Blue for LONG and Red for SHORT trades..

Key Features

  • Parameters are:
  • Includes option for aubible alert when price breaks the stop loss line
  • Direction CHange Arrows (default TRUE)
  • Use Close Price else use High/Low (TRUE) - When set to false, the indicator use the bar's LOW for Long trades, and HIGH for short trades.
Indicator Categories
Chart Enhancement Indicators
Volume Indicators
Volatility Indicators
Momentum Indicators
Trend Indicators
Support & Resistance Indicators
Price Action Indicators

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