divergence software, inc.
Development & Consulting Services
Product Detail
ATR Trailing Stop w/Ratchet
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
This script calculates and plots an adaptive stop based on multiples of the Average True Range. It also has a 'ratchet' feature that, when activated, will produce a stop that becomes more aggressive as the trade progresses. This script can be used as-is (it makes a nice stop-and-reverse system) or you can use the script as an example and integrate the stop logic into your own trading systems. Source code is provided so the calculations can be modified and integrated into other studies.
Specifications
- Product ID: STP01
- Requires eSignal 12.x or newer