Is there a way to use trailing stops based on volatility (ATR) in TOS? I know it is available as a study. But I am interested in a predefined order type in TOS just like "limit" or regular "TRAILSTOP". So this predefined order type would be an ATR trail stop that I can set and forget about it, instead of manually monitoring it. Any ideas would be highly appreciated.

thanks!

StocksRider 

Is there a way to use trailing stops based on volatility (ATR) in TOS? I know it is available as a study. But I am interested in a predefined order type in TOS just like "limit" or regular "TRAILSTOP". So this predefined order type would be an ATR trail stop that I can set and forget about it, instead of manually monitoring it. Any ideas would be highly appreciated.

Just the question on my mind.
I am currently manually adjusting my stoploss based on study ATRTrailingStop(2.5 atr) as the price action moves.
The study helps me display it on graph, so I can adjust my stop loss manually.



+1 to the question!

makuchaku 

Just the question on my mind. I am currently manually adjusting my stoploss based on study ATRTrailingStop(2.5 atr) as the price action moves. The study helps me display it on graph, so I can adjust my stop loss manually. +1 to the question!

What indicator is that for the BMACD and SMACD?

Something I am trying to build in thinkscript - which indicates when to buy.
It's based on MACD and RSI

 

Code

isBullishTrend and close > open and (rsiSlow > 70 and rsiFast > 70) and bollingerAvg > ma100 and MACDFastOverSlowOrOverZero;

Once I am able to test it, I am hoping to release it to everyone.

makuchaku 

Something I am trying to build in thinkscript - which indicates when to buy. It's based on MACD and RSI   Code isBullishTrend and close > open and (rsiSlow > 70 and rsiFast > 70) and bollingerAvg > ma100 and MACDFastOverSlowOrOverZero; Once I am able to test it, I am hoping to release it to everyone.

Oh cool. Let me know if you need help backtesting it.