Take ATR value from specific day - futures io
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Take ATR value from specific day

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Take ATR value from specific day

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  #1 (permalink)
Sydney, NSW
Experience: Beginner
Platform: MultiCharts
Trading: Stocks
Posts: 3 since Feb 2015
Thanks: 1 given, 0 received

Hi fellow traders,

I have a very specific issue to solve - I would like to take the ATR value (measured over 10 day length) from a specific day.

I trade daily bars, Aus Stocks, this is for an ATR Trailing Exit from a long position.

Here is the code (If anyone thinks that this is not a strict trail (ie, only trails up, does not trail down), please let me know. I think I have coded it right but you never know).

Inputs: TrailingATRs(4), ATRLength(10);

Var: PosHigh(0);
Var: ATRVal(0);

ATRVal = AvgTrueRange(ATRLength) * TrailingATRs;

If MarketPosition = 1 Then Begin
If BarsSinceEntry = 0 Then
	PosHigh = High - ATRVal;
If (High - ATRVal) > PosHigh Then
	PosHigh = High - ATRVal;
If High < PosHigh then
Sell ( "ATRtrail" ) Next Bar at PosHigh or lower ;

The issue is I want ATRval to be taken from the day that the highest high occured. At the moment it does not seem to be doing that.

Thank you in advance for any help!

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August 20, 2015

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