Last Closed Bar ATR Stop - Indicator Request | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

3 Bar Fractal with mid-bar and bar on each side 11 replies

Correct number of weeks for ATR and hour ATR 1 reply

Simple ATR (xperiod) vs. Bar Range Indicator Request 2 replies

Looking for range of current bar and ATR Indicator 12 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: Last Closed Bar ATR Stop - Indicator Request
Exit Attachments

Last Closed Bar ATR Stop - Indicator Request

  • #1
  • First Post: Sep 25, 2022 4:31am Sep 25, 2022 4:31am
This is not about ATR Trailing Stop loss with fine lines drawn above and below Chart!

I want something that draw x_ATR_Multiple above and below a subsequent closed bar on a chart.
In this instance,
lets set x_ATR_Multiple to 1
lets set ATR_period to 4 bars/candles

a. 1 * ATR[4] ABOVE LAST closed bar/candle from the HIGH &&
b. 1 * ATR[4] BELOW LAST closed bar/candle from the LOW

Illustration:
Attached Image (click to enlarge)
Click to Enlarge Name: atr.PNG Size: 16 KB

I hope it makes sense.

Indicator must options must give ability to set both "x_ATR_Multiple" and "ATR_period".

This indicator will help you max your RRR. If someone code it, I will be obligated to explain how to use it in trading.

I currently run this calculation manually to adjust trades, it would be nice to automate the calculations and draw lines on chart at the levels.
  • #2
  • Sep 25, 2022 8:16am Sep 25, 2022 8:16am
With this indicator, it is possible to create ATR lines from the last box with a small price movement. There are EA-managers that automatically set SL and TP according to ATR.
Attached File(s)
File Type: ex4 Squalou4.ex4   21 KB | 268 downloads
Please excuse the bad English via Google Translate.
  • #3
  • Sep 25, 2022 4:18pm Sep 25, 2022 4:18pm
Probably would look like this

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-09-26_7-18-04.jpg Size: 58 KB
It takes a lot for me to IGNORE you, but you can try.
  • #4
  • Sep 25, 2022 10:05pm Sep 25, 2022 10:05pm
Quoting Erebus
Probably would look like this {image}
There are many setup options and there are newer versions of the indicator. But there's no point in looking for a setup when we don't know how to maximize RRR. When using EA-manager, the lines would not be necessary.
Please excuse the bad English via Google Translate.
  • #5
  • Sep 26, 2022 2:14am Sep 26, 2022 2:14am
Yep! not a whizBang indicator giving arrow saying BUY here, SELL here! Won't get the attention! Listen...Without understanding and improving cutting losses and making winners run, if you like get strategy from GOD, you will not be profitable! Just an observation...

...above response was from someone sending me private message...will benefit everyone!
  • #6
  • Sep 26, 2022 2:18am Sep 26, 2022 2:18am
Quoting Erebus
Probably would look like this {image}
Erebus...glad to see you here, my respect.

Yes, something like that, I want ATR not ADR. And indicator option to set multiple of ATR and how many period/candles the ATR should be, not just the default 14 period.

And it has to draw from High and Low of PREVIOUS CLOSED CANDLE. Current forming bar price action NOT important.
  • #7
  • Sep 26, 2022 3:32am Sep 26, 2022 3:32am
Quoting dokopy
{quote} There are many setup options and there are newer versions of the indicator. But there's no point in looking for a setup when we don't know how to maximize RRR. When using EA-manager, the lines would not be necessary.
good point...but we are all configured differently. Even someone using tea leaves can trade profitably if he/she can find high probability in how tea leaves fall...

Back to this, please can someone make this indicator? Thanks!
  • #8
  • Sep 26, 2022 7:23am Sep 26, 2022 7:23am
Here it is

Attached Image (click to enlarge)
Click to Enlarge Name: ATR.jpg Size: 66 KB
It takes a lot for me to IGNORE you, but you can try.
  • #9
  • Sep 26, 2022 7:25am Sep 26, 2022 7:25am
There is a good article over here

https://www.mql5.com/en/articles/10748

It takes a lot for me to IGNORE you, but you can try.
  • #10
  • Sep 26, 2022 8:09am Sep 26, 2022 8:09am
Quoting danasa
{quote} good point...but we are all configured differently. Even someone using tea leaves can trade profitably if he/she can find high probability in how tea leaves fall... Back to this, please can someone make this indicator? Thanks!
This is not the place for a tea making class. All we've learned from you so far is that it's good to have a high RRR. That's not a big discovery.
Please excuse the bad English via Google Translate.
  • #11
  • Sep 30, 2022 3:30pm Sep 30, 2022 3:30pm
Quoting dokopy
{quote} This is not the place for a tea making class. All we've learned from you so far is that it's good to have a high RRR. That's not a big discovery.
Bro save the ego for the market, oh yeah, good traders don't have ego, they learned to cage it!

I just want indicator to keep improving my trading not trying to compare dick size with anyone...I DON'T ENJOY BANTER. Back to topic!
  • #12
  • Sep 30, 2022 3:31pm Sep 30, 2022 3:31pm
Quoting Erebus
There is a good article over here https://www.mql5.com/en/articles/10748
Looking it up...thanks.
  • #13
  • Oct 1, 2022 2:38am Oct 1, 2022 2:38am
Quoting danasa
{quote} Bro save the ego for the market, oh yeah, good traders don't have ego, they learned to cage it! I just want indicator to keep improving my trading not trying to compare dick size with anyone...I DON'T ENJOY BANTER. Back to topic!
I have no interest in judging contributors. I just have no idea what the thread is about.
Please excuse the bad English via Google Translate.
  • #14
  • Oct 1, 2022 2:24pm Oct 1, 2022 2:24pm
Quoting dokopy
{quote} I have no interest in judging contributors. I just have no idea what the thread is about.
Bro get off this thread. I want positive contributors here. If not positive stuff, keep the channel clear for important contributions! What do you mean you don;t know what this thread is about, you didn't read my first post! I have specification of indicator I want or something close to it.

You being a big boy, I do not believe you are sieving for trading strategy here, are you? BACK OFF...save the energy for other things, even sex!
  • #15
  • Oct 1, 2022 7:29pm Oct 1, 2022 7:29pm
Quoting danasa
{quote} Bro get off this thread. I want positive contributors here. If not positive stuff, keep the channel clear for important contributions! What do you mean you don;t know what this thread is about, you didn't read my first post! I have specification of indicator I want or something close to it. You being a big boy, I do not believe you are sieving for trading strategy here, are you? BACK OFF...save the energy for other things, even sex!
Keep rude behavior to yourself. In the first post, you write that you have a method for maximizing RRR according to ATR. I don't see anything like that.
Please excuse the bad English via Google Translate.
  • #16
  • Last Post: Oct 8, 2022 4:50am Oct 8, 2022 4:50am
Quoting dokopy
{quote} Keep rude behavior to yourself. In the first post, you write that you have a method for maximizing RRR according to ATR. I don't see anything like that.
Learn to say please for someone to share their hard earned sweat knowledge. Losers are always so desperate for what will change their equity trajectory from facing down. Go away...disappear...and troll no more!
0 traders viewing now