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Chande Kroll Stop

This is a discussion on Chande Kroll Stop within the Trading tools forums, part of the Trading Forum category; Hi, Recently I found a lot of links to the trading systems that are based on the Chande Kroll Stop ...

      
   
  1. #1
    Developer igorad's Avatar
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    Chande Kroll Stop

    Hi,

    Recently I found a lot of links to the trading systems that are based on the Chande Kroll Stop indicator which was developed for Forex-TSD.com in 2006 using the descripton from the book T.Chande, S.Kroll "The New Technical Trader".

    Chande Kroll Stop-new-tech-trader-stop.png

    So I solved to reread it once again and found that the algorithm was not fully correct because I did not use the ATR averaging in the code.

    Please check out the updated version of the indicator with the full set of prices and the ability to smooth the ATR value. Plus I added the buy/sell signals and the trailing stop dots.


    Chande Kroll Stop-chandekroll_stop_v2.0-600-.png


    Regards,
    Igor
    Attached Files Attached Files
    Hermo, twix, spotforex and 1 others like this.

  2. #2
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    Great thanks. I am checking this.


    Regards,
    Jag
    Quote Originally Posted by igorad View Post
    Hi,

    Recently I found a lot of links to the trading systems that are based on the Chande Kroll Stop indicator which was developed for Forex-TSD.com in 2006 using the descripton from the book T.Chande, S.Kroll "The New Technical Trader".

    Click image for larger version. 

Name:	the new tech trader-stop.png 
Views:	135 
Size:	740.9 KB 
ID:	39086

    So I solved to reread it once again and found that the algorithm was not fully correct because I did not use the ATR averaging in the code.

    Please check out the updated version of the indicator with the full set of prices and the ability to smooth the ATR value. Plus I added the buy/sell signals and the trailing stop dots.


    Click image for larger version. 

Name:	ChandeKroll_Stop_v2.0 600+.png 
Views:	135 
Size:	36.4 KB 
ID:	39087


    Regards,
    Igor
    Hermo likes this.

  3. #3
    Developer igorad's Avatar
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    Hi,

    Also I found the converted MT5 version does not work properly. So please check out the ChandeKroll_Stop indicator for MT5.

    Chande Kroll Stop-chandekroll_stop_v2_0-mt5.png


    Regards,
    Igor
    Attached Files Attached Files
    Hermo likes this.

  4. #4
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    żżżż????

    Quote Originally Posted by igorad View Post
    Hi,

    Also I found the converted MT5 version does not work properly. So please check out the ChandeKroll_Stop indicator for MT5.

    Click image for larger version. 

Name:	ChandeKroll_Stop_v2_0 mt5.png 
Views:	120 
Size:	35.6 KB 
ID:	39098


    Regards,
    Igor
    Good morning Igorad

    I have not found any malfunction of the indicator.
    I will have it on trial more time
    I will also try to better understand its mathematical functioning and thus be able to assess whether the calculation is correct.

    Thank you very much for your enormous work.

    A greeting

  5. #5
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    Thanks IGord so much
    I have downloaded your version 2
    I like this indicator very much
    Best wishes for your health, success

  6. #6
    member mql5's Avatar
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    ATR Color

    ATR Color - indicator for MetaTrader 5

    Chande Kroll Stop-atrcolor.png


    The iATR (Average True Range, ATR) indicator in the form of a colored histogram. Color management: compares the value of the current and previous column.
    Metatrader 5 / Metatrader 4 for MQL5 / MQL4 articles preview preview
    Trading blogs || My blog

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