EntryBar ATR Stop LX (Strategy)
DisclaimerInput Information
| Name | Type | Default | Description |
| ATRLength | Numeric | 5 | The number of bars to include in the calculation of the average true range. |
| NumATRs | Numeric | 1 | Multiplier of the average true range. |
Usage
Long exit based on the average true range, only for the bar of entry.
Description
This strategy will generate a stop order at a calculated dollar amount below the current bar's closing price, to protect against an initial reversal when a long entry order is generated. This order is only generated for the bar of entry.
The dollar amount of the stop is calculated by multiplying NumATRs (Input) by the average true range of ATRLength (Input) number of bars.
Order Name: EbAtrLX
Related Strategy: Entrybar $ Stop LX, Entrybar $ Stop SX, Entrybar ATR Stop SX, Entrybar Pnt Stop LX, EntryBar Pnt Stop SX
Related Function(s): None