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Hello all,
I am trying to code an atr based trailing stop and have been flailing.
Perhaps those better at this than I could assist.
The english language version would read something like this:
For long positions the trailing stop would be:
Current price minus 2 times the highest value of a 5 period moving average of
a 5 period atr since the position was initated.
Perhaps a custom indicator could be created which behaved as above, and the
exit could be entered as a cross of the price with the indicator.
Obviously, the inverse would be true for short positions: lowest value
since, etc.
Thanks to anyone who is able to assist.
Sincerely,
K. Miles
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