|
|
|
|
 |
click for a larger image |
The ATR stop loss tool is designed to place a trailing stop from the starting point. The calculation is based upon the ATR indicator and the point is plotted an X number of ATR values either above or below the bar for the day.
In the case of the ATR Long, a new point is plotted when a higher value is calculated. This way the stop loss value will never decline, that is, it will not chase a declining market. The reverse is also true for the ATR Short.
|
|
|
|
|
- Select the button for ATR Stop loss from the Toolbar.
- Move the mouse pointer over the starting position for the Line. This may be either a high or a low price.
- Press the left mouse button and the Stop Loss values will be calculated from that point forward.
|
|
|
|
 |
|
|
|
|
 The property editor as well as other functions may be accessed by holding the mouse pointer over the indicator line and Clicking the Right Mouse button. A popup menu will appear ( see picture ).
The user may then open the Indicator Property Editor, move the Line above or below other indicators or delete the Line from the Chart. |
|
|
|
|
|
|
|
|
The property editor as well as other functions may be accessed by holding the mouse pointer over the indicator line and Clicking the Right Mouse button. You can also access the Property Editor directly by 'Double Clicking' on the line. All the drawing tools share the same property editor allowing the user to alter the following properties:
- Line Color
- Line Width
- Number of ATR values to use
- Stop Calculating when Stop is triggered
- Toggle Line or Box display
- Label Font.
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page. |
|
|
|
|
|
|
|
|
|
|
