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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Can you please help me to convert this study to a strategy? it gives an error when I'm trying to convert it :((
it says:
xATRTrailingStop = iff(close > nz(xATRTrailingStop, 0) and close > nz(xATRTrailingStop, 0), max(nz(xATRTrailingStop), close - nLoss),
iff(close < nz(xATRTrailingStop, 0) and close < nz(xATRTrailingStop, 0), min(nz(xATRTrailingStop), close + nLoss),
iff(close > nz(xATRTrailingStop, 0), close - nLoss, close + nLoss)))
this part has an error when I'm trying to convert this to a starategy :((
I'm using a crossover(close, xATRTrailingStop) for open long.
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HPotter azizgokbas
@azizgokbas, Look at this
+1 Reply
azizgokbas HPotter
@HPotter, Awesome! Thank you so much! Do you know c#?
+1 Reply
HPotter azizgokbas
@azizgokbas, Yes.
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azizgokbas HPotter
@HPotter, do you have this indicator in c# language too?
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HPotter azizgokbas
@azizgokbas, I should to see in my database, but I think yes.
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azizgokbas HPotter
@HPotter, If you can find that can you share with me? I just like this indicator as a trailing stopp loss.
+1 Reply
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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