Rank: Newbie
Groups: Registered, Registered Users
Joined: 11/28/2011(UTC)
Posts: 5
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Hi, I am new here. I have the formula for the RAD chandelier ATR stops from http://www.tradernexus.com and I can plot them as an indicator on my charts but they don't work the way they are supposed to. The line goes up through the price action rather than following it at 2 x ATR. Can someone please tell me what I am doing wrong? Is there a better way I can plot a trailing 2 x ATR stop? I would really appreciate some help as I have tried to do a trailing stop for ages without success.
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 11/28/2011(UTC)
Posts: 5
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Sorry for being a complete fool but I have discovered that you have to click "merge with scale on right".
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/13/2005(UTC)
Posts: 715
Location: Midwest, USA
Was thanked: 1 time(s) in 1 post(s)
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We all get to climb that "learning curve"...
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 11/28/2011(UTC)
Posts: 5
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Thank you for being so kind. I thought I had sorted out the problem when I realised the buy date was critically important as the stop loss goes into a straight line after the stop is hit. But no, there's more! : )
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