sharp vision traders
Enhancing Your Trading Experience
ATR Trail Stop (NT)
- Categories: Indicator, NinjaTrader
- Tags: ATR, Misc, Trailing Stop
- Type: Free
The ATR Trailing Stop indicator for NinjaTrader uses the Average True Range to determine the points at which a position should be closed to protect profits, providing a dynamic stop-loss based on market volatility.
Note: This download requires NinjaTrader 8 release 8.1.3 or newer.
The ATR Trail Stop indicator could be used to help manage a trade from two aspects. Initially as a "Stop Loss" and then as a "Trail Stoploss" if the market is trending. The indicator utilizes the average true range (ATR) calculations which is essentially an average of price volatility. This is one option in this indicator and is called "Unmodified". Under the "Modified" option, the method is different and utilizes an averaging method against the ATR. This indicator is a ported copy of this ThinkOrSwim indicator.
ATR Trail Stop Features:
- Two methods for calculating trail stop.
- Option to include buy/sell signal.
- Option to modify internal averaging method. With this option, this indicator has taken a step further as opposed to other available indicators online.
- A multiplier is provided. This could be helpful for a trader to adjust in real-time depending on average spread if trending. For example, the multiplier value does not need to be larger than 2 if spreads are small and mid-day.
Review the screenshots and video for setup options.
Click here for a list of all of NinjaTrader's Downloads.
has been added to your download queue.
have been added to your download queue.
Screenshots
Media