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What function can I use to have a an ATR stop line only increase in value? I have an IF command now, but it is not working properly, Thank you.
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Max(ATR(1),Ref(ATR(1),-1)) {For going up}
Min(ATR(1),Ref(ATR(1),-1)) {for going down}
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 8/12/2010(UTC)
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Henry, okay when add that to my Chandelier formula I get a very low value, for example on SPY it has a value of 2.2 Here is my complete formula if you can help further, thank you! Mark
atrperiods:=Input("Enter ATR periods: ",1,100,21);
multiplier:=Input("Enter ATR multiplier: ",1,10,3);
Chandelier:=(HIGH-ATR(atrperiods)*multiplier);
Max(ATR(1),Ref(ATR(1),-1))
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