Mod_ATR_Trailing_Stop - indicator for MetaTrader 5

Mod_ATR_Trailing_Stop – indicator MetaTrader 5

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The indicator displays possible StopLoss levels on the price chart. Levels are shown separately for Long and Short positions.

It has two parameters:

  • Period – calculation period;
  • Coefficient – distance from the price.

Calculation:

  • If Close[i] < TS[i-1] and Close[i-1] < TS[i-1]

    TS[i] = Min(TS[i-1], Close[i] + loss)

  • Если Close[i] > TS[i-1]

    TS[i] = Close[i] – loss

  • If Close[i] < TS[i-1]

    TS[i] = Close[i] + loss

where

loss = Coeff*WMA(Diff, Period),
WMA - Wilder Exponential Moving Average,
Diff[i] = Max(HiLo, Href, Lref),
HiLo[i] = Min(High[i] - Low[i], MVA(High - Low, Period))

  • If Low[i]<=High[i-1]

    Href[i] = High[i] – Close[i-1]

  • If Low[i]>High[i-1]

    Href[i] = (High[i] + High[i-1] – Low[i] – Close[i-1])/2

  • If High[i]>=Low[i-1]

    Lref[i] = Close[i-1] – Low[i]

  • If High[i]<Low[i-1]

    Lref[i] = (Close[i-1] + High[i] – Low[i-1] – Low[i])/2


Mod_ATR_Trailing_Stop – indicator MetaTrader 5
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Alternative:   Nevalyashka_BreakdownLevel - EA MetaTrader 5

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