Mod_ATR_Trailing_Stop - MetaTrader 5 Script - MT4/MT5 Resource

This indicator shows possible stop loss levels on the price chart. The levels of long and short positions are shown separately.

It has two parameters:

If Close[i] < TS[i-1] and Close[i-1] < TS[i-1]

Если Close[i] > TS[i-1]

If Close[i] < TS[i-1]

 Loss = Coeff*WMA(Diff, period),
WMA - Wilder Exponential Moving Average,
Diff[i] = Max(HiLo, Href, Lref),
HiLo[i] = Min(High[i] - Low[i], MVA(High-Low, Period))

• if low[i]<=high[i-1]

  if low[i]>high[i-1]

  if high[i]>=low[i-1]

  if high[i]<low[i-1]

  

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  Attachment download

  📎 mod_atr_trailing_stop.mq5 (16.79 KB)

  Source: MQL5 #20423