ATR Trailing Stop Indicator for TradeStation

The ATR Trailing Stop Indicator for TradeStation

100% Money Back Guarantee

Available for TradeStation 8.x
&
TradeStation 2000i (TS2000i)

A trailing stop provides a systematic way to know when to exit a trade. It is especially useful for trend traders and breakout traders who like to let profits run while maintaining a logical exit for when the market trend changes so they can exit their position in a controlled and timely manner. Using efficient stops is applicable to all markets from equities and options to forex and futures and e-mini and in any timeframe.

To assist traders with looking for a systematic way to follow their trades with a trailing stop or to be alerted to changes in market trends we have programmed the ATR trailing stop TradeStation indicator. As its name suggests this indicator uses average true range to trail a stop behind prices. We use average true range in our trailing stop indicator instead of a fixed percentage because this allows the trailing stop to adjust to the volatility of the market in which it is being used.

We are confident our indicators will benefit your trading which is why we offer a 100% money back guarantee so you can try out our indicators for yourself and if they are not right for you just let us know within 30 days for a full refund.

Below are a couple of examples of the ATR trailing stop TradeStation indicator being applied to MSFT and USDJPY forex markets respectively. In both charts the long price trailing stop is displayed in yellow and the short trailing stop is displayed in red. As prices cross the trailing stop indicator the indicator switches between displaying the long and short trailing stops.

MSFT daily chart with ATR trailing stop TradeStation indicator.

USDJPY forex daily chart with ATR trailing stop TradeStation indicator.

Key Features

The ATR trailing stop indicator has some different inputs allowing you to easily adjust the indicator to suit your requirements. As you would expect with an indicator like this you can adjust the number of bars used to calculates the average true range and the factor by which the trailing stop is calculated from prices. Here are some of the advantages offered by this indicator:

• Separate customizable inputs for prices used to calculate long and short trailing stops.
• Additional radarscreen information.
• Indicators also provided as functions.

In addition to the standard indicator which draws trailing stop lines on your charts the indicator is also provided as a TradeStation showme indicator. The ATR trailing stop indicator can also be applied to the new TradeStation scanner so you can scan all markets simultaneously to find established trends.

Separate customizable inputs for prices used to calculate trailing long and short stops.

The ATR trailing stop indicator uses separate prices to calculate each of the trailing stops so you are not limited to trailing the stop from the closing price only. Stops can be trailed from the high and low of the bar, or from average prices like (high + low)/2.

Additional radarscreen information.

When applied to a TradeStation radarscreen the ATR trailing stop indicator can be used to scan and sort multiple markets in real-time. In addition to monitoring large markets the trailing stop indicator provides extra information about each market within a radarscreen. The components of the S&P 500 have been inserted into a radarscreen below which has the ATR trailing stop indicator applied.

The ATR trailing stop indicator applied to a radarscreen.

As well as displaying the value of the current trailing stop the indicator provides 2 additional columns of information within a TradeStation radarscreen.

Bar Count – tells how many bars that the current trailing stop has been active. A positive number indicates a long trailing stop is active, while a negative number indicates a short trailing stop is active.

Ratio – shows where the current price is in relation to the currently active trailing stop. Again, values are displayed in positive and negative values based upon long and short trailing stops respectively. A value of 1 (or -1) means that price is the maximum distance away from the trailing stop, while a value of 0 means that price has reached the trailing stop.

Indicators also provided as functions.

In addition to providing the ATR trailing stop indicator in standard indicator form and showme indicator form, the indicator is also supplied as a function enabling you to incorporate the trailing stop function into your own indicators and trading strategies.

Continued Support and Updates for a Minimum of 12 Months

All our products come with full support so if you have any problems or require any additional information you can contact us for assistance. We also offer updates for a minimum of 12 months so if any new features are added to these indicators during this time then they can be sent to you for free.

If you have any questions about this, or any other product we offer, please contact us at infotechnicaltradingindicators.com

More Chart Examples

S&P 500 e-mini chart with ATR trailing stop indicator using high and low prices to trail stop instead of close.

IBM 1 minute bar chart with ATR trailing stop indicator.

Weekly chart of QQQQ with ATR trailing stop showme indicator.

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