Support Board

Date/Time: Fri, 27 Sep 2024 03:48:43 +0000

Post From: volatility stop indicator

[2016-01-24 13:46:12] Link To Thread - Link To Post [Go To First Post]
User60518 - Posts: 106
Hi - is there a volatility stop indicator available? The formula could be something like this: When Up Trend Detected.... VSTOP = CL - MULT * TR As Up Trend Continues.... VSTOP = MAX(VSTOP.1, MaxCL - MULT * TR) When Down Trend Detected.... VSTOP = CL + MULT * TR As Down Trend Continues.... VSTOP = MIN(VSTOP.1, MinCL + MULT * TR) Where... CL = Closing Price MULT = True Range Multiplier TR = True Range VSTOP.1 = Volatility Stop Value on Previous Bar MaxCL = Maximum Closing Price since Up Trend Began MinCL = Minimum Closing Price since Down Trend Began Trend reverses between up and down when Closing Price crosses VSTOP.