OPEN-SOURCE SCRIPT

ATR Trailing Stop Strategy by ceyhun

Updated
Same coding only coloring and strategy version added

CDC ATR Trailing Stop V2.1 (2013)


//Barcolor
Green = Trail1 > Trail2 and close > Trail2 and low > Trail2
Blue = Trail1 > Trail2 and close > Trail2 and low < Trail2
Red = Trail2 > Trail1 and close < Trail2 and high < Trail2
Yellow = Trail2 > Trail1 and close < Trail2 and high > Trail2
//It gives White color where there is deterioration.


ATR Trailing Stop by ceyhun

Let's not use InfoPanel in strategy, it would be wrong as it signals the next day.

Release Notes
fix
Release Notes
fix
Release Notes
name error period
ATRatrtrailingatrtrailingstopatrtrailingstopstrategyAverage True Range (ATR)ceyhunMoving AveragesstopstrategytrailingtrailingstopTrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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