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Viper Trading Systems Indicator

  #187 (permalink)

Houston, TX
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures, AMP, CQG
Favorite Futures: 6E
TheWizard's Avatar
Posts: 1,731 since Jun 2009
Thanks: 519 given, 4,178 received

SawDr View Post
Just found it = use Ninja's ATRTrailing stop with "Multi" set to 4.2 and "Period" set to 4. This matches exactly.


TSSuperTrend also works rather well. Change default settings as follows:

SuperTrend Mode = "Adaptive" (default is ATR)
Multiplier = 4 (default is 2.618)
Moving Average Type = HMA (default)
Smoothing = 14 (default)

Actually, comparing the 2 on the same screen, the TSSuperTrend is a bit earlier in its recognition of the change in trend direction. Try 'em both out & compare. The thing I like about TSSuperTrend is, you can color the Up / Down stop dots, whereas in the ATRTrailingStop, they are always the same color. Just a minor difference, but one that may appeal to you.

After all, it's what you learn AFTER you know it all, that counts!

Last edited by TheWizard; August 11th, 2010 at 10:22 PM.
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