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".



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.





Regards,
Igor

Great thanks. I am checking this.


Regards,
Jag

Originally Posted by igorad

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".



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.





Regards,
Igor

Hi,

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




Regards,
Igor

Originally Posted by igorad

Hi,

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




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

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

ATR Color - indicator for MetaTrader 5

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.

ATR MAOnATR - indicator for MetaTrader 5

The iATR (Average True Range, ATR) indicator is smoothed using iMA (Moving Average, MA)

----------------

Desert moat - expert for MetaTrader 5

The Expert Advisor uses two indicators: standard iSAR (Parabolic SAR, SAR) and custom ATR MAOnATR . Both indicators are created on the specified ' Working timeframe' timeframe - the same timeframe is used to determine when a new bar is born (if it is needed for the 'Trailing on ... ' and ' Search signals on ... ' parameters). The SAR acts as a trend indicator and the custom indicator acts as a filter.