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ATR Trailing Stoploss for Intraday And Swing Traders


ATR Trailing Stoploss for Intraday And Swing Traders
ATR Trailing Stoploss for Intraday And Swing Traders

//www.aflcode.com
_SECTION_BEGIN("ATR Trailing Stop");
Prev=Ref(HHV(H-2.5*ATR(5),10),-BarsSince(C>HHV(H-2.5*ATR(5),10) AND C>Ref(C,-1))); 
A=IIf( Cum(1)<16 , C, 
IIf( C > HHV(H-2.5*ATR(5),10) AND C > Ref(C,-1),HHV(H-2.5*ATR(5),10), 
Prev)); 
Plot(A,"Chaloke Modified ATR Trailing Stop",colorBlack,4); 
Color=IIf(C>A,colorBrightGreen,IIf(C<A,colorRed,colorBlack)); 
Plot(C,"",color,styleCandle); 
PlotShapes(shapeDownArrow*Cross(A,C),colorBlue,0,H,Offset=-24); 
GraphXSpace=3;
_SECTION_END();

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