NexusFi: Find Your Edge


Home Menu

 





ATR trailing stop + 6%


Discussion in ThinkOrSwim

Updated
    1. trending_up 2,926 views
    2. thumb_up 1 thanks given
    3. group 1 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
arthur
greencastle, in
 
Posts: 3 since Jul 2010
Thanks Given: 0
Thanks Received: 0

I would like to have a line drawn on the chart that is 6% above the ATR Trailing Stop indicator.
Any help would be greatly appreciated.


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Day 96 Missiles Hit Kuwait and Bahrain: June 15 Peace at …
Prediction Markets & Event Contracts
Post-Summit Scorecard: $36M in May 15 Bets Settle Near-Z …
Prediction Markets & Event Contracts
Thanks Mike. Godspeed.
The Elite Circle
Netherlands & Germany Surge as World Cup Field Narro …
Prediction Markets & Event Contracts
Iran Airspace Contract Surges to 33.5% as Project Freedo …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
NexusFi site changelog and issues/problem reporting
15 thanks
Darmok and Jalad at Tanagra
3 thanks
Big Mike in Ecuador
1 thanks
30 Sessions
1 thanks
  #2 (permalink)
 kjhosken 
Seattle, WA/USA
 
Experience: Intermediate
Platform: TOS, TS
Trading: Forex, crude
Posts: 96 since Sep 2016
Thanks Given: 7
Thanks Received: 35

try this.


arthur View Post
I would like to have a line drawn on the chart that is 6% above the ATR Trailing Stop indicator.
Any help would be greatly appreciated.

###########ATR Trailing stop default study###########
# TD Ameritrade IP Company, Inc. (c) 2009-2016
#
input trailType = {default modified, unmodified};
input ATRPeriod = 5;
input ATRFactor = 3.5;
input firstTrade = {default long, short};
input averageType = AverageType.WILDERS;
Assert(ATRFactor > 0, "'atr factor' must be positive: " + ATRFactor);
def HiLo = Min(high - low, 1.5 * Average(high - low, ATRPeriod));
def HRef = if low <= high[1] then high - close[1] else (high - close[1]) - 0.5 * (low - high[1]);
def LRef = if high >= low[1]
then close[1] - low
else (close[1] - low) - 0.5 * (low[1] - high);
def trueRange;
switch (trailType) {
case modified:
trueRange = Max(HiLo, Max(HRef, LRef));
case unmodified:
trueRange = TrueRange(high, close, low);
}
def loss = ATRFactor * MovingAverage(averageType, trueRange, ATRPeriod);
def state = {default init, long, short};
def trail;
switch (state[1]) {
case init:
if (!IsNaN(loss)) {
switch (firstTrade) {
case long:
state = state.long;
trail = close - loss;
case short:
state = state.short;
trail = close + loss;
}
} else {
state = state.init;
trail = Double.NaN;
}
case long:
if (close > trail[1]) {
state = state.long;
trail = Max(trail[1], close - loss);
} else {
state = state.short;
trail = close + loss;
}
case short:
if (close < trail[1]) {
state = state.short;
trail = Min(trail[1], close + loss);
} else {
state = state.long;
trail = close - loss;
}
}
def BuySignal = Crosses(state == state.long, 0, CrossingDirection.ABOVE);
def SellSignal = Crosses(state == state.short, 0, CrossingDirection.ABOVE);

plot TrailingStop = trail;

TrailingStop.SetPaintingStrategy(PaintingStrategy.POINTS);
TrailingStop.DefineColor("Buy", GetColor(0));
TrailingStop.DefineColor("Sell", GetColor(1));
TrailingStop.AssignValueColor(if state == state.long
then TrailingStop.Color("Sell")
else TrailingStop.Color("Buy"));
#############Percent Offset##############
def price = close;
def perc = close / 100;
input distance = 6;
input choice = {default High, Low};
plot line;
switch (choice) {
case High:
line = trailingstop + distance * perc;
case Low:
line = trailingstop - distance * perc;
}

##########end code#########################


Follow me on X Reply With Quote
Thanked by:




Last Updated on October 1, 2018


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts