ATR Ratchet

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Hi!

I found at yahoo some nice description of exit strategy. But I didnt know did I understand it right. Can someone check it and confirm it?

 
Kalenzo:
Hi! I found at yahoo some nice description of exit strategy. But I didnt know did I understand it right. Can someone check it and confirm it?

Hi Kale,

I'll have a look over the next week mate- very interesting

Regards,

Nigel

 

It seems to be interesting, but it is needed to combine it with other indicators

 

Chandelier stop indicator

You have written a chandelier exit indicator. The ATR ratchet adds fractions of ATR to the stop depending on how long the trade has been running, therefore you can't write an indicator for it.

Best

John (FPS)

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