xatr = averagetruerange[c](close)
nLoss = a * xatr
if heikin then
src = (open+close+high+low)/4
else
src = close
endif
if barindex < c then
xatrTrailingStop = undefined
pos = 0
else
if src > xatrTrailingStop[1] and src[1] > xatrTrailingStop[1] then
xAtrTrailingStop = max(xatrTrailingStop[1],src-nLoss)
else
if src < xatrTrailingStop[1] and src[1] < xatrTrailingStop[1] then
xAtrTrailingStop = min(xatrTrailingStop[1],src+nLoss)
else
if src > xatrTrailingStop[1] then
xAtrTrailingStop = src-nLoss
else
xAtrTrailingStop = src+nLoss
endif
endif
endif
if src[1] < xatrTrailingStop[1] and src > xAtrTrailingStop[1] then
pos = 1
r=250
g=0
b=0
else
if src[1] > xatrTrailingStop[1] and src < xatrTrailingStop[1] then
pos = -1
r=0
g=0
b=250
else
pos = pos[1]
endif
endif
endif
///////Trading conditions
ema = average[1](src)
above = ema crosses over xatrTrailingStop
below = ema crosses under xatrTrailingStop
buy1 = src > xatrTrailingStop and above
sell1 = src < xatrTrailingStop and below
barbuy = src > xatrTrailingStop
barsell = src < xatrTrailingStop
//////Plot signals and candles
if drawsignals then
if buy1 then
drawarrowup(barindex,low-0.15*averagetruerange[10])coloured(“green”)
elsif sell1 then
drawarrowdown(barindex,high+0.15*averagetruerange[10])coloured(“red”)
endif
endif
if colorcandles then
if barbuy then
rbar=0
gbar=250
bbar=0
elsif barsell then
rbar=250
gbar=0
bbar=0
else
rbar=125
gbar=125
bbar=125
endif
DRAWCANDLE(open, high, low, close)coloured(rbar,gbar,bbar)
endif
return xatrTrailingStop as “Trailing Stop” coloured(r,g,b)style(line,2)
.
