StockFetcher Forums · Filter Exchange · Vervoort ATR<< >>Post Follow-up
duke56468
683 posts
msg #94094
Ignore duke56468
modified
6/20/2010 9:48:45 PM

I'm trying to get something that resembles Sylvain Vanvroots ATR stop superimposed on the price. It is 3.5 times the 5 period ATR ........... ATR(5)3.5 . I must be over complicating it. Tried several versions, how do I get it superimposed on the price?

Fetcher[
SYMLIST(DIA,EEM,EFA,EWH,EWJ,EWT,EWZ,FXI,GLD,ILF,IWM,IYR,QQQQ,SPY,XHB,XLB,XLE,XLF,XLI,XLV,IYF,SEF,IEO,DDG,DOG
,SH,MDY,MYY,RWM,IJR,SBB,PSQ,EUM,UUP,UDN,EFA,EFZ)
set{hi5,cma(high,5)}
set{lo5,cma(low,5)}
set{atr5a,hi5-lo5}
set{atr5,atr5a / 2}
set{atr3.5,atr5(3.5)}
draw atr3.5 on plot price
]



Fetcher[

SYMLIST(DIA,EEM,EFA,EWH,EWJ,EWT,EWZ,FXI,GLD,ILF,IWM,IYR,QQQQ,SPY,XHB,XLB,XLE,XLF,XLI,XLV,IYF,SEF,IEO,DDG,DOG
,SH,MDY,MYY,RWM,IJR,SBB,PSQ,EUM,UUP,UDN,EFA,EFZ)
set{hi5,ATR(5)}
set{atr3.5,hi5*3.5}
draw atr3.5 on plot price
]





Kevin_in_GA
4,542 posts
msg #94095
Ignore Kevin_in_GA
6/20/2010 10:03:54 PM

This should be subtracted from the close?

Fetcher[

SYMLIST(DIA,EEM,EFA,EWH,EWJ,EWT,EWZ,FXI,GLD,ILF,IWM,IYR,QQQQ,SPY,XHB,XLB,XLE,XLF,XLI,XLV,IYF,SEF,IEO,DDG,DOG
,SH,MDY,MYY,RWM,IJR,SBB,PSQ,EUM,UUP,UDN,EFA,EFZ)

set{vervoot, ATR(5) * 3.5}
set{trailing, close - vervoot}

draw trailing on plot price
]






duke56468
683 posts
msg #94104
Ignore duke56468
6/21/2010 8:08:57 AM

Thanks Kevin, but the price needs to cross above and below the ATR and act like a stop. Can I get it to do that?

Kevin_in_GA
4,542 posts
msg #94109
Ignore Kevin_in_GA
6/21/2010 9:27:35 AM

Coding these types of stops is not easy - why not use the Chandelier exit? While not exactly what Vervoot is doing, it is basically what you are trying to do. Here's an example:

Fetcher[

symlist(spy,dia,qqqq)

draw chandelier exit(30,3.5)

]



This should give you what you need. I have chosen a look back of thirty days and 3.5 ATR, but you can set it for whatever you want.



duke56468
683 posts
msg #94115
Ignore duke56468
6/21/2010 10:51:29 AM

Thanks Kevin, I've tried various time frames with Chandelier but it isn't very similar. The closest I have come is the "volatility stop" on freestockcharts.com. Apparently I can get Vervoort on the free version of Ninja Trader, but I didn't want to down load yet another soft wear for only one function.
If you feel it is difficult to do, then I know it's over my head.

StockFetcher Forums · Filter Exchange · Vervoort ATR<< >>Post Follow-up

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