ATR Trailing Stop
I was asked in my webinar about what charts my trailer indicator works best for. I should have shown this chart for oil, which has been a trend follower’s dream.
UPDATE: I have made an improvement to the trailer indicator. It now will not retrace even if a new trend has started.
Updated Trailer ATR Stop
I added my ATR based trailing stop to MarketTurbulence.com yesterday. I provided the RealCode along with the chart so you can play with the conditions if you like. A reader was kind enough to send some real data from Arps’ Trender so I could directly compare the two. While it seems that there are some differences in the actual values of the stop points, most of my Trailer indicator buy and sell signals match up pretty well with Arps’ Trender. I will post the actual charts later.
Wow, doesn’t it feel good to be in cash on a day like today. I covered my CTAS short yesterday and I’m starting to turn bullish now.
In the meantime, I was working on my ATR trailing stop (I’ve named it “Trailer”) and made some improvements. Check it out, and see how it compares to Jan Arps Trender. I’m sure that if you saw how simple my code was you would be absolutely shocked that people actually pay $299.95 for the Arps indicator.
Here is another a ATR based trailing stop that I’ll soon make available on MarketTurbulence.com. It was inspired again by Jan Arps and his Trender indicator.
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