Visual Adjustment to Trailing Stop Loss
Author: akardar1
Creation Date: 8/31/2009 6:59 AM
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akardar1

#1
Hi,

I have a ATR derived trailing stop. As it stands, a variance of ATR is added or subtracted from an average mid price.
On the chart, I see its moves up or down "smoothly" (i.e for a given unit of price and time on the chart, it will move up diagonally)

Is there a way (via code or a WL setting) to change the way the trailing stop "follows the price", I would want it to moves in "steps".
I would want it to move either horizontally or vertically as per the example below (for a sell trailing stop in an uptrend).

_
_|
_|
_|

instead of:

/
/
/
/

I understand its purely cosmetics and that the data points are the same, but I would prefer this options as the trailing stop I have can at times be quite tight and therefore, visually, I would like to see "where it really is".

Adrien
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akardar1

#2
It should look like this:



CODE:
Please log in to see this code.


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Cone

#3
It can look anyway you'd like to program it. If you provide the specifications and your exit code, it would be pretty easy to change it, I'm sure.