Se calcula el Average True Range (ATR), un indicador de volatilidad que compara el rango de cada día para medir el compromiso. MQL4 for Metatrader4 we code an Expert Advisor that is able to move a sell trailing stop for the Average True Range Oscillator. Typical ATR time periods used vary between 5 and 21 days. ex4 and Trailing stop loss level. This means that the average range of price movement up/down, is $8. Description quality and completeness. ATR was developed by J. 0028, which is equal to 28 pips. As the name implies, it also shows the direction of the price movement. This indicator is perfect for Trailing Stop purpose ATR Trailing Stop is automatically adaptive to market volatility No delays and easy set up This indicator is excellent to combine with price action entries into. In his famous book called New Concepts in Technical Trading Systems, published in 1978, Wilder also published the RSI and the. Plots support and resistance ATR using the visual dots the PSAR uses. 92. Then in the next part you select the number of pips you would. MT4 Indicator. The average true range (ATR) is a market volatility indicator typically derived from the 14-day simple moving average of a series of true range indicators. The. What I am presenting here is a simplified version of ATR - just the current ATR number - very. Called parabolic stop and reverse (SAR) because of the rounded curve it produces, this trend-following system uses a trailing stop to generate its entry and exit signals. The trailing stop indicator is an overlay moving line that gives us where exactly we must move our stop when following the move. Andrej Nikitin. 39. Notice how it rises as volatility increases. mq4" indicator. Typically, the Chandelier Exit will be above prices during a downtrend and below. The ATR Trailing Stop study plots the trailing stop value, the calculation of which depends on the specified trail type. TR = H − C. Updated: 20 August 2020. The distance of the stop-loss order is then updated as the price moves in favor of the. 5. Using the default settings as an example: Highest High in last 22 days - 3 * ATR for. The indicator draws Average True Range (ATR) based colored dots above and below the actual price. All Indicators on Forex Strategies Resources are free. Attached Image (click to enlarge) M30 charts show that your indicator shifts the values the MTF indicator retains the H1 values. This means that the level for setting the stop loss = 1883 - 5. Part 3 added a trailing stop based on a fixed points input. Download the Parabolic SAR. ATR Channel MT4. 8-3. In this case, the potential loss size is limited by the current market volatility. However, today we will be highlighting the main points that can be the most advantageous for beginner FX traders. 5. Utilities. I have coded an EA for automatic trailing stop loss. Simply change the default “14” value to your preferred setting. Next, you need to select Trailing Stop level from the proposed values in. It is most commonly applied as a trailing stop indicator, adjusting to both prices and volatility. Plots support and resistance levels on the chart. Chandelier Exit. To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps: Download the app or add-on file to your desktop. Past performance of indicators or methodology are not necessarily indicative of future results. This is the number of periods over which MT4 or MT5 will make the Average True Range calculation. The ATR Trailing Stops indicator sets trailing stops to close positions based on the average true range. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing. Source: Admirals MetaTrader 4 - Selecting the ATR period. ATR means average true range and is the market’s degree of volatility during a specified time period. ตัวชี้วัดATR Trailing Stop สำหรับ Metatrader เส้นหนึ่งเส้นแสดงชาร์ตราคา เส้นนี้โชว์ระดับราคาในระดับที่เส้นแตกออกมาเท่ากัน ซึ่งเป็นจุดที่. FREE. Wilder's method a = 1 / n. MT4indicatorsATR Trailing Stop GG MT4. When you launch the indicator, the only variable you really need to think about is the ATR Period. Activations: 5. Uses indicators Parabolic SAR , NRTR (Nick Rypock Trailing Reverse) , Moving Average or linear. Activations: 5. Step 2: Drag and drop the indicator on the price chart. Altri dall’autore. Gold was not too volatile in the first trading session week At the start of the new week, gold continued to trade steadily around $1,981 with little change compared to the. Since the volatility varies with each currency pair. This line shows the price levels of the break-even area where stop loss can be set to maximize the profit from your trading activity. Wilder originally suggested using 7 days, short-term traders use 5, and longer term traders 21 days. The indicator is an incredible system suited for managing an open position; it. Install a 3rd Party Indicator or App. ---. As a trend following indicator, the Swing ARM can be used as a trailing stop. This is a trend indicator without redrawing Developed instead of the binary options strategy (by the color of the Martingale candlestick) Also works well in forex trading When to open trades (binary options) A signal will appear in the place with a candle signaling the current candle It is recommended to open a deal for one candle of the current timeframe M1 and M5 When a blue dot appears. Open trading account Open demo account. Welles Wilder Jr. Choose "Indicators", select "Oscillators", and choose "Average True Range" from the list. The SuperTrend indicator is an enhancement of the Maximum Adverse Excursion (MAE) concept, as introduced by John Sweeney in the mid-nineties. Developed by Chuck LeBeau, the Chandelier Exit indicator uses the highest high / lowest low -/+ a multiple of the ATR value to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction. for commodities. From the ATR calculation, a trader can tell whether an asset is experiencing greater or lower volatility in a particular trading session. The Average True Range (ATR) is a one of the most popular technical analysis indicator, introduced by J. Can filter trades by magic number. in his book New Concepts in Technical Trading Systems that measures market volatility by decomposing the entire range of an asset price for that period. ATR Trailing Stop. Click on the trailing stop option and set your preferred stop distance starting at 15 points. In this article, we'll delve into the details of the ATR Trailing Stop MT4 Indicator, exploring its functionality, benefits, and how to effectively incorporate Log ind MT4-indikatorerFree download Indicators, Trailing Stop for Metatrader 4. What Is the Average True Range (ATR)? The average true range (ATR) is a technical analysis indicator, introduced by market technician J. The Average True Range Trailing Stop can help you place stop trailing stop loss levels based on the current degree of price volatility. The upper and lower bands will be two times the ATR above and below the moving average, respectively. You would need to unlock the code and then you can use the custom ATR value with SetStopLoss () which can then dymaically adjust to that price. Re-creating the ATR Trailing Stop. Chandelier Exit Formula. , as described in his book—New Concepts in Technical Trading Systems [1978]. In this case, the potential loss size is limited by the current market volatility. As shown in the screenshot above of the ATR indicator. El resultado se multiplica por el múltiplo elegido, 3XATR, en este ejemplo. It is applied in position sizing for strategies that do not set stop-loss order. Exit your short position when price crosses above the Percentage. Click; “Insert” >> “Indicators” >> “Average True Range”. Price. The ATR is a technical indicator that measures the volatility of an asset over a specific period. The true average range (ATR) indicator is a volatility indicator that measures how much the price of an asset has been moving over some time, and how volatile the asset has been. When the indicator is below the moving average, the. EMA method a = 2 / ( n + 1 ) If you quickly calculate a for both methods with n = 5, you will find that Wilder's a = 20% and EMA a = 33. When. 0958 and the ATR-14 is 198 pips, you would set. Welles Wilder Jr. The indicator plots red lines to identify the. = 43. Trend Side - a technical indicator for determining the trend. Wilder originally suggested using 7 days, short-term traders use 5, and. The NRTR ATR STOP Indicator For Meta Trader 4 automatically helps the trader to solve this problem by helping the trader to automatically calculate the stop-loss on any trade based on how volatile the price action is at any given moment in time. I would suggest a minimum trailing stop distance of 2*ATR for such markets. Traders analyse the ATR in combination with other technical. Average True Range - ATR: The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, "New Concepts in Technical Trading Systems. What Is the Average True Range (ATR)? The average true range (ATR) is a technical analysis indicator, introduced by market technician J. The ATR Trailing Stop Indicator combines the ATR values with the concept of trailing stops to provide traders with a dynamic stop-loss level that adapts to market conditions. 20, then the system would exit 50%, or 0. Wilder originally suggested using 7 days, short-term traders use 5, and longer term traders 21 days. S AR is a common indicator and can be found on the larger charting websites such as BigCharts and. average type. This will tell Metatrader to trail your stop every time price moves x points away from your stop, to maintain a maximum distance of what. ATR Trailing Stop MT4 Indicator Settings. mq4 files into indicators folder and restart the MetaTrader 4. I fixed a little detail in the "Display type" options box, 3. You can use the ATR indicator to identify multi-year low volatility because it can lead to explosive breakout trades. Have you seen traders use a fixed 20 pip trailing stop loss? It’s a joke. CFTC RULE 4. It plots the candle bodies in auto-width mode, so no need to input anything, 2. Also, you may adjust the ATR multiplier to your risk preference. 20, and the ATR remains at 10 cents. It looks similar to Bollinger Bands; however, it functions differently. When the price moves up to $10. com. TrailingStop 4. Also check out some books on how to trade channel and ATR:. Mladen's Ema trailing stop EA It can monitor all the symbols or just the symbol it is attached to. For the HighLow option, the multiple of ATR is added to the daily Low, and subtracted from the daily High. TrailingStop(_Symbol,TrailingStop,0,0); } Please note that close[1] is for the close price of the previous bar and atr[1] is for the value of the average true range. Volty Channel Stop Indicator (MQL4) Atr MACD Oswad Indicator. ATR can also be used as a potential stop-loss in trading systems. This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with 16 trailing stop methods: fixed, percent, ATR Exit, Chandelier Exit, Moving Average, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-Sen, Alligator, Exit After X Minutes or Bars, RSI and Stochastic. - MetaTrader 4 Help. The ATR (Average True Range) Trailing Stop indicator gives a suggested trailing stop level for exiting trades. mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Day traders can use this information for plotting profit targets and determining whether a trade should be. 72%. ATR Trailing Stop GG MT4 4. It analyses a range of asset prices within a given timeframe, taking into account any gaps in price. Technically, the Average True Range (ATR) indicator is. High accuracy Forex Bar Color ATR Stops MT4 Trading System and Indicators – this is a trading system that measures volatility and determines a new trend. 1 means start from first closed, 4. The ATR trailing stop indicator for MT4 is a must-have tool for all types of forex traders. The ATR Trailing Stop is plotted above (or below) the price when the stock is in a downtrend (or uptrend). 30, locking in at least a 30-cent profit on the trade. The ATR is commonly used to assist day traders to identify signals, prior to entering a trade. It allows you to secure your profits as the trade goes further in a positive direction. The complete strategy described above can be downloaded in the Free Strategies section. log in to the Mt4. Determine your exit point when the RSI crosses the “70” upper limit line and is accompanied by a declining ATR value from a previous peak. The Average True Range or ATR. rar archive at the bottom of this post, unpack it, then copy and paste the Parabolic SAR. In an up-trend, subtract 3 x ATR from Closing Price and plot the result as the stop for the following day. Deposit money. The average true range (ATR) was introduced by Welles Wilder in his book, “New Concepts in Technical Trading Systems. According to Wilder, a trend is present when the ADX is above 25. hello experts any one has zigzag cg line cross ray. download this indicator by clicking the "Download" of this web page. As shown in the screenshot below, the default value is 14, which is an excellent choice to begin with. mrtools wrote: Wed Jul 01, 2020 5:00 pm This is a trade manager ea that will automatically place your stop loss, take profit, trailing stop, and or break even. The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. It is based on volatility, thus uses the average true range. However, the indicator also offers a trailing stop loss to safeguard the position. This indicator - English. The multiplier is typically set at 2, but this can be adjusted to suit individual trading styles. Average True Range - ATR: The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, "New Concepts in Technical Trading Systems. it also closes all trades and can also take specified profits when the entire trading account is in profit. Now paste the Atr trailing stop. Dreadblitz Jan 14, 2020. This EA Utility allows you to manage (with advanced filtering) unlimited open orders (manual or EA) with trailing stops based on 16 methods: fixed, percent, ATR Exit, Chandelier Exit, MA, Candle High Low Exit, Bollinger Bands, Parabolic, Envelope, Fractal, Ichimoku Kijun-San, Alligator, Exit after X Minutes or Bars, RSI and Stochastics. Open your MetaTrader 4 (MT4) trading platform. MT5 Stop Indicators on Top-Trading-Indicators. , is used by traders to determine trend direction and potential reversals in price. Locational ATR = 130. 41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS. This indicator implements the original “Average True Range (ATR)” developed by John Welles Wilder Jr. Typical ATR time periods used vary between 5 and 21 days. Welles Wilder himself used ATR as the basis for his volatility system. Because the market can accept the volatility and the Average True Range based stop loss is the greatest stop loss. The ATR (Average True Range) Trailing Stops indicator is a powerful and dynamic tool that can help traders manage risk and optimize their trading strategies. This indicator works by measuring the Average True Range (ATR) of the market, and then setting a trailing stop that is a certain percentage of the ATR. Best Non-Repainting Systems for MT4 & MT5; Atr Filter Indicator. Commodities are frequently more volatile than stocks. The EA is junk. The resulting value will be the average true range value over a specified period. I've never used an ATR trailing stop before and am looking for one to familiarize myself with. Imagine having a 20 pip stop loss when the market swings an average of 200 pips a day. Above, the modification I made to ATR according to the website. Using the ATR Trailing Stop: Generally, the stop should be placed at a multiple of anywhere between 2 and 4 of the ATR. Wilder also advised that the. Trailing stop EA's 1 by mrtools. However, the indicator also offers a trailing stop loss to safeguard the position. As with most of his indicators, Wilder designed ATR with commodities and daily prices in mind. Levels are shown separately for Long and Short positions. Here is an example of setting Trailing Stop Loss in MT4. i. MQL4 for Metatrader4 we code an Expert Advisor that is able to move a sell trailing stop for the Average True Range Oscillator. ATR Trailing Stop MT4/MT5 EA is an expert advisor that can manage your stop-loss orders. 5 to accommodate for more volatile instruments. The distance between the highest high and the stop level is defined as some multiple of the ATR. Finally, a day after reaching 1. What’s incredible is that. If. During backtests, we used MT4 with Alpari data. Example: The current ATR value on EURUSD is 0. Comparing Period Effect under All. The cTrader Average True Range (ATR) Trailing Stop is an automated trading system that can manage your stop loss for new and existing orders by trailing it behind the price of an instrument based on the ATR indicator which is provided for free. When you use the average true range on MT4, it displays as a line that goes up and down the indicator window. Our ATR trailing stop indicator has the option to activate the modified ATR calculation. Percentage Trailing Stop Signals. Multiples between 2. Best Non-Repainting Systems for MT4 & MT5; MA Squize Flet Color MOD NMC 1. Hide your trailing stop from your broker by using the ATR Trailing Stop Hidden EA MT4. One way to use the ATR is to identify your stop-loss level, and a common strategy is to set your stop-loss one ATR from your entry position. 2021. MQLTA Supertrend Trailing Stop:. The SuperTrend U11 indicator is therefore more versatile and capable of recreating a number of other trailing stop loss indicators, such as the Gann HiLo Activator or the ATR Trailing Stop. Wilder's method a = 1 / n. Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). Chandelier Exit Formula. Forex BUY and SELL signals from the best ATR Levels Indicator. If the trail type is "modified", calculation mechanism involves using a. ATR Channels indicator is a technical tool that belongs to trend channels category of indicators. There are plenty of ways to use the ATR indicator on the MT4 trading platform. ATR Monitor. SuperTrend: A Versatile Stop Loss. Conclusion. When volatility is high, the trailing stop is further away from prices. Average True Range indicator: How to use it to enormous big trends. 1800. 00 - ($4. The ATR Trailing Stop indicator for Metatrader contains one line displayed at the price chart. The value of this trailing stop is that it rapidly moves upward in. Welles Wilder Jr. The default is set as 3 x 21-Day ATR. #atr #stoploss #tradingjournalHow to read Japanese candles. MT4 and MT5 Indicator: All Been thanked: 26957 times. The concept behind. 1 means start. What Is the Average True Range (ATR)? The average true range (ATR) is a technical analysis indicator, introduced by market technician J. mq4" indicator. ATR Trailing Stop GG MT4: Time your Entry and Exits with Average True Range (ATR) Trailing Stops ATR Trailing Stops are primarily used to protect capital. Traders typically initiate a trade with an initial stop-loss level, often set at a certain number of ATR values away from the entry point. Have you seen traders use a fixed 20 pip trailing stop loss? It’s a joke. For additional trading insights using ATR in MT4, it’s recommended that traders use trailing stops when placing orders. Trailing stops are normally calculated relative to closing price: Calculate Average True Range ("ATR") Multiply ATR by your selected multiple — in our case 3 x ATR. Because the market can accept the volatility and the Average True Range based stop loss is the greatest stop loss. 1 = yesterday’s close . [Discuss] 💬. 27:6 (34-40)). Configuration Options. 90 – meaning that it wasn’t experiencing high levels of volatility. 50). This is done really easily by just averaging the monthly ATR value of the. The trailing stop indicator is an overlay moving line that gives us where exactly we must move our stop when following the move. The chandelier exit places a trailing stop under the highest high the stock reached since you entered the trade. Now paste the Atr trailing stop. Typical ATR time periods used vary between 5 and 21 days. Multiplier: Multiples vary between 2. This means that the average range of price movement up/down, is $8. An ATR Trailing Stop is a technical indicator that sets a trailing stop based on Average True Range. For example, if you have a trade in EURUSD, then you need to upload it into the EURUSD chart and activate it there. The Best Entry and Exit Indicators for MT4 and MT5 to Use in Your Trading Strategy . video 2 in a comprehensive series of videos on a high probability trade entry set up using the atr trailing stop for trade entry! Stop for NT8. I think this particular indicator was intended for a stop and reverse type strategy. A. To use the ATR stop loss indicator in MetaTrader 4 (MT4), you’ll need to follow these steps: Open your MT4 platform and select the chart of the currency pair or asset you. When the trader decides to sell, they place a trailing stop loss order and sets the trailing stop to . In case the "modified" trail type is set up, true range values are. The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Posts: 6960. How to set stop loss using volatility stop: You need to identify the current ATR value and multiply it by a factor of your choice. Buy Price = Blue draws the circles at the purchase price. The chandelier exit places a trailing stop under the highest high the stock reached since you entered the trade. Mt5 Stop type Indicators. The upper and lower bands mention the price range of the asset. Welles Wilder Jr. The parabolic SAR indicator, developed by J. MT4 Indicator requests and ideas. Here there is a list of download Trailing Stop indicators for Metatrader 4 . That’s it – you should have a trailing stop on your position now. Wilder originally suggested using 7 days, short-term traders use 5, and longer term traders 21 days. The ATR Trailing Stop can also be plotted in stop and reverse (SAR) format like the Parabolic SAR. In an uptrend the “significant close” is located at the highest close since the start of the trend. Designed to assist traders in managing risk and maximizing gains, this technical tool has become an indispensable asset for both novice and seasoned traders. Activations: 10. Another common approach to using ATR indicator is ATR based trailing stops, also known as volatility stops. ATR Trailing Stop; Average True Range ( ATR indicator ) Awesome Oscillator; Balanced Momentum;. It is a set of several full-fledged trading strategies. He draws points to the chart, which show the support and resistance price levels. If the trail type is "unmodified", this value is calculated as the Average True Range (ATR) on the defined period multiplied by the specified factor. 1) Attached, the original pdf doc that taught me how to program it in. MT4indicatorsATR Trailing Stop GG MT4. Defines whether to initialize ATR calculation at a short or a long position. ATR Trailing Stop GG MT4: Time your Entry and Exits with Average True Range. Wilder originally suggested using 7 days, short-term traders use 5, and longer term traders 21 days. The Welles Wilder Volatility Stop calculates the long stop by subtracting a ATR multiple from the “significant close” in the lookback period. ATRTrailingStopLE BBDivergenceStrat. Wilder originally suggested using 7 days, short-term traders use 5, and longer term traders 21 days. MT4 and MT5 Indicator: All Been thanked: 26957 times. Wilder’s Volatility System alone cannot trigger any trade signals, which means it must be used in conjunction with other indicator systems. If it helps you, use it as a guide while you trade. The ATR indicator works by first determining the True Range (TR) for the current bar and several previous ones (usually 13) and then averaging the data to indicate how much on average a particular instrument will move. 1. For example, if you buy a stock at $100 and the ATR value is 3, you may place a stop loss at 2 x ATR below the entry price. The ATR trailing stop indicator for MT4 is a must-have tool for all types of forex traders. The ATR Trailing Stop MT4 Indicator is a popular forex trading tool that allows traders to establish stop loss levels based on the market’s volatility using the Average True Range (ATR). Because it doesn’t consider the volatility of the markets. in 1978. This controls your ATR multiplier. 5. 5 x ATR are normally applied for trailing stops, with lower multiples more prone to whipsaws. Hull Style ATR. mq4 files into indicators folder and restart the MetaTrader 4. A. 83. 5. 00 (6). In other words, it portrays the average size of price movements for a given asset over a period. However, because the ATR responds to volatility, the indicator will also highlight possible trend changes. Remember you need to manually place your trades and the EA should do the rest according to the EA settings. The ATR Trailing Stop MT4 Indicator is a valuable tool that empowers forex traders to navigate the markets with enhanced precision and risk management. Stop Loss = Locational ATR * Multiple Factor. This tool is especially useful when price changes strongly in the same direction. exe" DO NOT KNOW WHY? --- I know why this indicator cannot load successfully. 20, and the remainder (0. 0. ex4 and Atr trailing stop. It belongs to the same family of indicators as: • Charles Le Beau's Chandelier Exit, • Olivier Seban's Super Trend,. 1 and an ATR lookback of 7 periods along with a running moving average or otherwise known as Wilder's moving average. A trailing stop loss is a way of exiting the market if the price of an asset is not moving as predicted. , 2 or 3) and subtract it from the entry price for a long position, or add it to the entry price for a short. This is where the ATR Trailing Stop MT4 Indicator comes into play. Average True Range (ATR) represents the foundation for this. Trailing Stop Type: If set to High/Low, the script will use swing lows and highs in its calculation. The ATR indicator works by first determining the True Range (TR) for the current bar and several previous ones (usually 13) and then averaging the data to indicate how much on average a particular instrument will move. 00. Definition. Technically, the Average True Range (ATR) indicator is. ATR Trailing Stops Setup Typical ATR time periods used vary between 5 and 21 days. HOUR; def high = high. ATR Trailer expert advisor is based on ATR as its trailing stop-loss. The Average True Range (ATR) is a common technical analysis indicator designed to measure volatility. - Free download of the 'ATR Value Indicator' indicator by 'hsnnouri' for MetaTrader 4 in the MQL5 Code Base, 2016. 04. For buy trades, trail your stop loss up 1-3 pips below the blue dots until you get stopped out of. ATR trailing stop is a technical indicator that determines the safe stop-loss levels for trades in technical analysis. The ATR indicator meaning tells us how much the price has changed in a current period compared with previous periods. If the position becomes profitable, Stop Loss can be manually shifted to a break-even level. Stop-loss or sl in forex represents the allowed risk for each trade. What is ATR Trailing Stop MT4/MT5 EA? ATR Trailing Stop MT4/MT5 EA is an expert advisor that can manage your stop-loss orders. When you use the average true range on. 25. ATR bands indicator is an upgraded version of the traditional ATR indicator. It was built for the Metatrader (MT4) platform, which uses the Average True Range (ATR) and a trend-following tool to trail behind the price. sal, Sat Nov 18, 2023 11:15 am. This one paints a trailing stop loss above or below price based on the Average True Range. RK_trader, This indicator would help you to "let your profit run" if your trade is correct you can place your stop order in the ATR Trailing value, it use the(ATR) indicator based in the Wilder's volatility. Using the ATR, the traders seem to give the price space to pull back and fluctuate within the noise. The ATR shows how much an asset price has moved on average during a given period and how much it could be expected to move. To get a guide to where the ATR Trailing Stop is being set, it can be helpful to add the Average True Range Indicator to the bottom of the chart (to do that, click Indicators and select Average True Range). ATR Indicator for MT5 is a forex average true range indicator for MetaTrader 5 charts. Utility works with any market. 3X = 8. It uses a multiple of the Average True Range (ATR), subtracting it’s value from the close on buy, adding its value to the close. 77. Chandelier exits introduced by Alexander Elder in Come Into My Trading Room (2002) trail the stops from Highs or Lows rather than Closing Price. ATR trailing stop loss . The higher the ATR value, the more volatile the market is. atr factor.