ATR STOP NOT WORKING

• 04/15/2024 at 11:16 AM #231523
  john1977

  WHAT APPEARS TO BE WRONG WITH THIS CODE NOT WORKING? THANKS FOR THE HELP
  // Calculate the Average True Range (ATR)
  ATR_Length = 14
  ATR = AverageTrueRange(ATR_Length)

  indicator1 = supertrend[Multiplier, Length]

  if close crosses over indicator1 then
  buy at market
  endif

  if close crosses under indicator1 then
  sellshort at market
  endif

  set target pprofit 50
  set target pprofit 12 // Profit target of 12 points

  // Set stop loss at 1.5 times ATR
  ATR_Value = valuewhen(1, ATR)
  SET STOP PTRAILING TRAILING Ptrailing ATR_Value * 1.5

  

  john1977

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  04/15/2024 at 2:58 PM #231535
  JS

  Hi,

  ATR-Length => ATRLength

  Buy at Market => Buy x contract at Market

  SellShort at Market => SellShort x contract at Market

  ATRValue=valuewhen(1,ATR) => this is no PRT code…???

  SET STOP PTRAILING TRAILING Ptrailing ATR_Value * 1.5 => Set Stop PTrailing x

  (x = atr * 1.5)

  

  JS

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  04/15/2024 at 3:03 PM #231536
  JS

  ATR = AverageTrueRange(ATR_Length) => ATR=AverageTrueRange[ATRLength](Close)

  

  JS

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