Support Board

Date/Time: Tue, 26 Nov 2024 02:51:48 +0000

[Programming Help] - Setting targets and stops based on user-controlled multiple of ATR

[2024-01-09 23:38:41] #1 [Go To First Post]
User406455 - Posts: 4
I'm aware of Study Controlled Targets/Stops but I don't think it does what I need. I'm happy to code it up myself but I'm not sure whether I should use spreadsheet or ASCIL. Any suggestion would be appreciated. Here's what I want to do: When I enter an order, I want it to have a target and a stop. The target should be a multiple of the ATR value at the close of the last bar. Further, I should be able to control this multiple. e.g. 2x, 3x, etc. So if the ATR study at the close of the last bar was 1, and my multiple is set to 3, then the target should be 3 points away from my entry. The same logic should also apply to the stop.

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