ATR Trailing Stop - Help - page 9

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Mladen Rakic
126261
Mladen Rakic  

One more version of Atr trailing stop (and take profit) indicator posted here (that is a metatrader indicator there, not a tradestation version) : https://www.mql5.com/en/forum

Sergey Golubev
Moderator
108364
Sergey Golubev  

Chandelier exit - indicator for MetaTrader 5 


Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend.

Sergey Golubev
Moderator
108364
Akbar Kazmi
9
Akbar Kazmi  
Igor Durkin:

Hi,

Try to use this indicator.

Igor

Thanks buddy. God Bless You.
Sergey Golubev
Moderator
108364
Sergey Golubev  

NRTR_Revers - expert for MetaTrader 5 

The EA is only working at the moment when a new bar appears (except for trailing that is active at each tick). Trade signals are formed based on indicator iATR (Average True Range, ATR) on the analysis of the High and the Low of prices within the interval.

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