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Several years ago I came across a website as I was searching for coding a trailing stop-loss on MetaStock. A website called Trader Nexus helped me to better understand what a Chandelier Exit is with several great examples and some sort of a plug in DLL specifically designed for MetaStock formula language. Over the years I made some modifications to the ATR based trailing stop-loss.

Recently I spent couple of long hours on Trading View to understand and formulate the similar ATR based trailing stop by using their formula language, pine script. I think I was able to plot the indicator and I'm sharing it here with out members. I plan to integrate more and more Trading View functionalities to Tech Charts reports and website.

If you are interested in giving the platform a try here is your discounted link (Try Trading View with discount )

I named it ATR Trailing Stop (Long/Short Selectable) because so much more can be done with it by adding different calculations, such as price projections based on the initial risk etc. I will continue to build on this in the following posts. Let's look at the below box for parameters.

Several years ago I came across a website as I was searching for coding a trailing stop-loss on MetaStock. A website called Trader Nexus helped me to better understand what a Chandelier Exit is with several great examples and some sort of a plug in DLL specifically designed for MetaStock formula language. Over the years I made some modifications to the ATR based trailing stop-loss.

Recently I spent couple of long hours on Trading View to understand and formulate the similar ATR based trailing stop by using their formula language, pine script. I think I was able to plot the indicator and I'm sharing it here with out members. I plan to integrate more and more Trading View functionalities to Tech Charts reports and website.

If you are interested in giving the platform a try here is your discounted link (Try Trading View with an initial discount)

I named it Simplified ATR Trailing Stop because so much more can be done with it by adding different calculations, such as price projections based on the initial risk etc. I will continue to build on this in the following posts. Let's look at the below box for parameters.

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, GATX CORP is from the watchlist section of the weekly report. It is featuring a possible H&S continuation that is ready for breakout after several tests of pattern boundary.

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, France CAC40 Index is from the review section of the weekly report. It is featuring a possible double bottom (rectangle) reversal that is ready for breakout after several tests of pattern boundary.