Wilders Trailing Stop indicator

[Alexander.Gettinger]

Formulas:
WTS[i] = Max(WTS[i-1], Close[i]-loss), if Close[i]>WTS[i-1] and Close[i-1]>WTS[i-1],
WTS[i] = Min(WTS[i-1], Close[i]+loss), if Close[i]<WTS[i-1] and Close[i-1]<WTS[i-1],
WTS[i] = Close[i]-loss, if Close[i]>WTS[i-1],
WTS[i] = Close[i]+loss, in other cases, where
loss = Coeff*ATR,
ATR - Average True Range with Period.

Download:

Wilders_Trailing_Stop.lua

(2.37 KiB) Downloaded 1520 times

Wilders_Trailing_Stop with Alert.lua

(11.04 KiB) Downloaded 1032 times

Wilders_Trailing_Stop Overlay.lua

(4.13 KiB) Downloaded 648 times

[Alexander.Gettinger]

MQL4 version of Wilders Trailing Stop indicator: viewtopic.php?f=38&t=60029.

[Apprentice]

A.K.A. Average True Range Trailing Stop

[Apprentice]

Strategy based on this indicator can be found here.
viewtopic.php?f=31&t=61404

[Coondawg71]

Can we please request Alert function added to this indicator.

Alert would be triggered upon "touch" or "cross" of the user specified ATR Stop Level.

Thanks!

sjc

[Apprentice]

Wilders_Trailing_Stop with Alert.lua Added.

[Apprentice]

Compatibility issue Fixed. _Alert helper is not longer needed.

If you want to use updated version of this indicator,
please make sure to use TS Version 01.14.101415. or higher.

[Apprentice]

The indicator was revised and updated.

[easytrading]

Hello Apprentice,
if you please, could we have price overlay for Wilders_Trailing_Stop.lua with my appreciation.

[Apprentice]

Wilders_Trailing_Stop Overlay added.