Welles Wilder Volatility Stop

   If the stop setting is < 'less than' 3, the minimum lookback bars used in calculation is 7 bars.   This is also the smallest number of bars for 3x ATR.   Higher ATR values will calculate with more bars than 7.

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maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Topic: Welles Wilder Volatility Stop Posted: 04 Dec 2020 at 2:10am
	If the stop setting is < 'less than' 3, the minimum lookback bars used in calculation is 7 bars. This is also the smallest number of bars for 3x ATR. Higher ATR values will calculate with more bars than 7.

meldeans Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 13 Feb 2009 Posts: 8	Post Options Post Reply Quote meldeans Report Post Quote Reply Posted: 26 Nov 2020 at 3:24pm
	Hi Maximo, I know this post is old now but i am new to it. I understand this stop is 3 x ATR but i don't know what ATR period length is. Is it 7 periods or some other number??? I don't understand the code. Thanks Dean

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 22 Feb 2018 at 4:54pm
	{ Wilder Volatility Stop Trail } [Target=price] Mult:=Input("ATR Multiplier",3,1); Nb:=if(Mult<3,7,Int(Mult2+1)); Long :=Ref(HHV(C,Nb),-1) - (Ref(ATR(Nb),-1)Mult); Short:=Ref(LLV(C,Nb),-1) + (Ref(ATR(Nb),-1)*Mult); trail:= If(C>PREV and Ref(C,-1)>PREV, Max(PREV,Long), If(C<PREV and Ref(C,-1)<PREV, Min(PREV,Short), If(C>PREV, Long, Short))); Trail; [linestyle=pricecolor] [color=rgb(0,174,0)] if(C>=Trail,1,0); [color=rgb(255,85,85)] if(C<Trail,1,0);