average true range bands

[vienna]

Hi All!

I have this chart done with a volatility trailing stop and a chandelier exit.

Is it possible to show this trailingstop on the top that i have
a ATR channel or band?


The problem on the chandelier exit is that the dots are gone if
i pull the clear button.

Regards

vienna

[vienna]

efs

efs

[vienna]

efs

efs

[vienna]

here a sample linke

http://novicebear.com/2008/06/24/another-average-true-range-atr-trailing-stop/

it should look like this charts following the linke

[vienna]

i got it

I got it. It is the Chandelier Exit.

http://forum.esignalcentral.com/showthread.php?s=&threadid=16564&perpage=15&pagenumber=3

http://share.esignal.com/groupcontents.jsp?folder=Miscellaneous&groupid=114

Thanks to the ESignal Team and Chris D. Kryza, i found some
wonderfull EFS here in the forum.

vienna

[traderwiz]

The following was coded by some one using Wealthlab. Was wondering if any one of you can code the same on EFS so we can use it. This is also very similar to trender i.e. ATR stops etc. Here is the equivalent Wealthlab code:

{$I 'Basic Math Series III'}
procedure PossibleTrenderStudy( atrPer, varPer: integer );
var
Bar, tSer, variance, xSer, meanOfSquares, squareOfMean, tPane: integer;
bull: boolean;
begin
meanOfSquares := SMASeries( SqrSeries( ATRSeries( atrPer ) ), varPer );
squareOfMean := SqrSeries( SMASeries( ATRSeries( atrPer ), varPer ) );
variance := SubtractSeries(meanOfSquares, squareOfMean);
xSer := AddSeries( ATRSeries( atrPer ), variance );
xSer := MultiplySeriesValue( xSer, varPer );
tSer := CreateSeries;
@tSer[varPer] := PriceClose(varPer) - @xSer[varPer];
bull := true;
for Bar := varPer + 1 to BarCount - 1 do
begin
var C: float = PriceClose(Bar);
if bull then
begin
if C < @tSer[Bar - 1] then
begin
bull := false;
@tSer[Bar] := C + @xSer[Bar];
end
else
@tSer[Bar] := Max( C - @xSer[Bar], @tSer[Bar - 1] );
end
else // bear
begin
if C > @tSer[Bar - 1] then
begin
bull := true;
@tSer[Bar] := C - @xSer[Bar];
end
else
@tSer[Bar] := Min( C + @xSer[Bar], @tSer[Bar - 1] );
end;
if bull then
SetSeriesBarColor( Bar, tSer, #Red )
else
SetSeriesBarColor( Bar, tSer, #Green );
end;
PlotSeriesLabel(tSer, 0, #Red, #Dots, 'Trender???');
end;

{* Call the study - make changes to the ATR and Variance periods, respectively, here *}
PossibleTrenderStudy( 5, 10 );