New ATR based trailing-stop
21 05 2008We had some action today. Good, things were getting a little dull.
In the meantime, I came up with a new ATR based trailing stop. The indicator was inspired by a visual inspection of Jan Arps’ trender. I did a quick “breakout and trailing stop” backtest using the Nasdaq 100 and got some pretty good results.
I love it when two simple rules give such nice returns.
Hello, I have really been looking for the formula of this indicator. It is also used in bloomberg together with the fear and greed indicator of Jan Arps. I assume its ATR +/- variance with a lookback. I would like to use the indicator as the stop loss in a system I wish to build in wealth-lab. Any help would be much appreciated