Does anyone have this indicator? It would be greatly appreciated.
STARC Band is a good ATR stop indicator.
I can code for you if you throw me the formular.
thank you any way scorpion. I just got ahold of one.
Hi Scorpion and every one!
I was wondering if someone can build this indicator. Called Volatility Stop Study (described by Joe Ross in "Trading The Ross Hook") and not available for MT4.
it is based on ATR but drown on the price chart. I'll explain how:
1- The indicator will calculate the ATR for last X bars. (X is an external variable)
2- The indicator will SUBSTRACT the ATR value from the highest price in the last Y bars and draw a line (Y is an external variable NB:can be different from the ATR period)
3- The indicator will ADD the ATR value from the lowest price in the last Y bars and draw a line
In the end we will have a sort of channel that will be used as a stop.
Thanks for anyone that can help!
I do not know who still need it?
I will show you how to get it.