can be formulated as a stop-and-reverse ( SAR ) or as a traditional trailing stop-loss version shown by Stockcharts.com.
The main difference is that, in SAR version, the indicator is usually formulated in a higher of previous or spot indicator ( HPS ) for long and lower of previous and spot indicator ( LPS ) for short position.
This indicator is coded to show both the SAR version and the traditional one shown by Stockcharts.com (for long position) by simply clicking a tick in the Version box.
The ATR multiplier is relaxed to allow non-integer input, like 3.5, 4.25, ... for a greater flexibility to tailor your best-fit exit strategy.
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