BAT ATR v1:

seems like instead of comparing current value with previous somebody set it up to compare current values with the future values

CurrUp=Close[i] - (iATR(NULL,0,ATRPeriod,i) * Factor);
PrevUp=Close[i-1] - (iATR(NULL,0,ATRPeriod,i-1) * Factor);

just use existing atr & atr based stops
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edit: doesn't seems like it repaints though...

Hi fxbs,

Thank you for taking the time to reply. Although I've read the thread, I've got to admit that there are certain things to do with how MT4 works that are way over my head. I'm really sorry, but this is one of them.

Would I be right in thinking that the BAT ATR indicator contains basic errors or bugs? Or is it simply that it can't be converted to MTF format?

I also noticed that on Page 23 of this thread, somebody asked if it was possible to convert ATR Stops (which I guess is the same thing as BAT ATR) into MTF, but they didn't seem to get a reply.

To explain a little further, I'm a fan of the Schaff Trend Cycle and I have been looking for sometime for an accompanying indicator called the FXS-Trailing Stop.

Forex Trading : FX Strategy : Doug Schaff

Unfortunately I haven't been able to find this indicator coded for MT4 (if anybody knows where or how I can find it, that would be great). The ATR Stops thingie seemed to be the next best thing after a bit of playing about with the settings.

Thanks again for your time.

Look at this thread ATR Trailing Stop - Help as I think it is exactly what you want.
Besides I used ATR Stop here ASCTrend system

And this indicator for example http://www.forex-tsd.com/35862-post11.html and some more on the thread link ATR Trailing Stop - Help
And this one Trailing Stop EA and many other threads.

Thank you for your reply newdigital.

I have downloaded v1.1 of the ATR Stops indicator and can see that there are differences between that and the BAT ATR indicator.

I guess that I'm not worried about how it works, but instead I am interested in whether or not it can be implimented into a workable system.

Can this be coded for MTF, or does the dirty/repaints scenario that fxbs referred to still apply?

I can see a likely advantage to trading a faster timeframe with a stop derived from a slower timeframe and would like to try backtesting that.

edit: I forgot to attach the ATR Stops indicator

Attached Files

ATRStops_v1.1.mq4 (3.0 KB, 53 views)

I replied because you posted your formula and this thread ATR Trailing Stop - Help was started with this formula:
For Long: HHV(H - 2.5*ATR(5),10)
For Short: LLV(L + 2.5*ATR(5),10)

So, read this thread from the beginning ATR Trailing Stop - Help

As I understand it may be related to this indicator (as new version) http://www.forex-tsd.com/4357-post6.html or chandelier exit indicator (very old one).

As to MTF so I saw some indicator coded in MTF ... difficult to find as this MTF thread is big one ... MTF chandelier exit may be ... do not remember now sorry.

You can try to continue this thread ATR Trailing Stop - Help and may be some people will reply.

Thanks newdigital, although I'm not too sure what you meant about posting my formula. This is only my 4th post on the forum and I don't recall posting a formula. Could you have meant someone else?

Anyway, I've read the threads so thanks for the links.

I've searched the site and found a MTF Chandelier. At least that gives me something to start playing around with.

Unfortunately I can't find anything about MTF ATR Stops other than than Post 222 of this very thread.

Multi Timeframe Indicators

It doesn't appear from the follow up posts that oneprint had any luck in solving the problem.

It was fxbs posted.
Sorry.

That's no problem, newdigital.

I've looked at the code for Chandelier Stops and it looks to be derived directly from ATR Stops with some minor modifications to the settings.

Thanks again for your help.

strange thing with this Bat atr v1:
when you change:
PrevUp=Close[i-1] - (iATR(NULL,0,ATRPeriod,i-1) * Factor);
to
PrevUp=Close[i+1] - (iATR(NULL,0,ATRPeriod,i+1) * Factor);

- nothing happens - indi works absolutely the same (same values, forward) - weird

limit=Bars-counted_bars;
... for(int i=BackPeriod; i>=0; i--) - counted bars disappeared too...

somebody been messing with this indi - who knows what else missing - where could be original version?
________

Pussy Galore, that's not a problem 2 put mtf, thing is - you can't trust this indi and i don't want anything to do with it also - better find another one... - sorry, Pussy

btw. some Shafts also here http://www.forex-tsd.com/194273-post15.html

oh, man - they put it on MQL codebase as is [i thought it's Scriptor's mess-up - but that's ours too woopsy dasy (07-24-2006)jeezzsss ]
they migh think that's Igorad's...