SwingARM ATR Trailing Stop

v10.3
SwingARM ATR Trailing Stop

As a trend following indicator, the Swing ARM can be used as a trailing stop. It provides trend change confirmation when the price Close above or below the current trailing line.

It plots Fibonacci retracement around the trailing stop trend line, it provides good entry points when the price retraces in a well established trend.

The SwingArm is using the ATRTrailingStop and modifying it to have FIB Retracements into it. 

It can be used on any timeframe. The best for me (day trading) is the 10-minute chart. For Swing Trading, the 4 hours chart works well. (notes from Author).

Original Author:  Jose Azcarate

The code has been translated from ToS code following a request in the indicator forum.

 

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. geroniman • 08/04/2020 #

    bonjour Nicolas merci pour tous ces itf. J’utilsie une stratégie qui dépend d’un niveau de 50% de la bougie précédente pour prendre position. est il possible de programmer un itf permettant de visualiser une barre à chaque moitié de bougie. La couleur pouvant etre changée en fonction du code couleur de bougie de chacun.merci bien.

    • Nicolas • 08/04/2020 #

      Oui c’est possible. Merci de ne pas poster des demandes qui sont hors sujets. Pour les demandes de programmation, il faut utiliser les forums en respectant les règles de publication énoncées à chaque bas de page.

  2. Igor • 08/04/2020 #

    Merci pour cet itf. Question : comment faire pour instruire un screener ?

    • Nicolas • 08/04/2020 #

      tester le croisement du Close avec la première valeur de l’indicateur : “TrailingStop”, facile avec la création assistée.

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