Wilders Trailing Stop indicator
Posted: Wed May 02, 2018 3:07 pm
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:
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: