StockFetcher Forums · General Discussion · Creating a ratcheting up indicator<< >>Post Follow-up
shaldar
1 posts
msg #55815
Ignore shaldar
10/18/2007 6:38:26 PM

I am creating a "trailing stop" indicator similar to the Chandelier Exit - except this one ratchets up (and never down) for every 0.5 * ATR movement of the closing price (like in turtle trading).

My challenge is in ratcheting up the stop, which involves comparing today's computed stop (close - 2.5*ATR) with the previous computed stop.


How does one keep the previous computed stop persistent? Re-computing the previous stop using a bunch of "1 day ago"s will not work because of it's ratcheting nature.

Any ideas, hints, examples?

TIA - shaldar

StockFetcher Forums · General Discussion · Creating a ratcheting up indicator<< >>Post Follow-up

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