HI
I WOULD LIKE TO BUIILD AN INDICATOR
I WANT AN INDICATOR BASE ON AVERAGE TRUE RANGE X BARS
I WANT TO CALCULATE ATR(X) AND TRAIL IT FOR EXAMPLE FROM EVERY LOW
SO FOR EXAMPLE:
ATR(X)=100POINTS
CALC THE LOW-ATR(X)
WHEN THE CLOSE OF THE BAR CLOSES UNDER THE PRIEWIUS PRICE OF THE ATR THE I WANT THE ATR TO CALC THE HIGH+ATR(X)
I WANT TO USE IT LIKE A TRAILNG STOP FOR SHORT POSITIONS AND THE OPPOSITE