HPotter

Average True Range Trailing Stops, by Sylvain Vervoort

Average True Range Trailing Stops, by Sylvain Vervoort
The related article is copyrighted material from Stocks & Commodities Jun 2009
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////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 16/09/2014
// Average True Range Trailing Stops, by Sylvain Vervoort
// The related article is copyrighted material from Stocks & Commodities Jun 2009 
////////////////////////////////////////////////////////////
study(title="Average True Range Trailing Stops, by Sylvain Vervoort", overlay = true)
nATRPeriod = input(5)
nATRMultip = input(3.5)
xATR = atr(nATRPeriod)
nLoss = nATRMultip * xATR
xATRTrailingStop = iff(close > nz(xATRTrailingStop[1], 0) and close[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), close - nLoss),
                    iff(close < nz(xATRTrailingStop[1], 0) and close[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), close + nLoss), 
                        iff(close > nz(xATRTrailingStop[1], 0), close - nLoss, close + nLoss)))
plot(xATRTrailingStop, color=red, title="ATR Trailing Stop")

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BTC: 1Lo1GoTNsPbrjGAgPgF4MYZPhBFdoVHaTm
So what is the strategy that can be used.. How do you know if you should take an ATR change trade. I get the buy point on the change but is there something that help say this change is better than the last?
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HPotter prolongwealth
I don`t know.
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Even the weekly trend chart has turned against Bitcoin:

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HPotter ChartArt
it happened from nz(xATRTrailingStop, 0) Formula use previos value and can not get it. This function return 0.
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ChartArt HPotter
I have no problem with the beginning of the weird ATR trailing stop, because the end of the chart is what interests me.
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FluidicFX ChartArt
You mean where the red line passes thru and above the price. I was frowning at that too.
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ChartArt FluidicFX
yes, exactly
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