Hi all,
Anyone know if there's an indicator or algorithm that calculates targets using among other things momentum?
Thanks!
moneypenny

Doubly Adaptive Profit Objective using ATR and ADX...do a search either here or google.

Hi mpextreme,
Thank you very much for the suggestion! I've been researching it and have a question. Do you take the value of the ATR right at the entry point or some type of average for that day to multiply by the variable( 1.5, 2, 4)?
Thanks soooo much,
moneypenny

I've just started looking(2 months) into automated trading systems so I don't have a definite answer yet.
But I'm looking at it predominantly for exits/targets and not entries.


Try this...

Doubly Adaptive Average True Range Profit Objectives

Good luck!