UTBot Alerts

Category: trend, volatility

A trend-following signal indicator that uses an ATR-based Trailing Stop (Chandelier Exit style) to generate buy and sell arrows on price crossovers.

Formula

Loss = ATR(AtrLen) \times AtrCoef \\ \text{Trail} = \begin{cases} \max(\text{Trail}_{t-1}, Close_t - Loss) & \text{if } Close_t > \text{Trail}_{t-1} \text{ and } Close_{t-1} > \text{Trail}_{t-1} \\ \min(\text{Trail}_{t-1}, Close_t + Loss) & \text{if } Close_t < \text{Trail}_{t-1} \text{ and } Close_{t-1} < \text{Trail}_{t-1} \\ Close_t - Loss & \text{if } Close_t > \text{Trail}_{t-1} \\ Close_t + Loss & \text{otherwise} \end{cases} \\ \text{Signal} = \text{Cross}(Close, \text{Trail})

Inputs

• AtrCoef (default: 2)
• AtrLen (default: 1)

See signal primitives and every published strategy that uses UTBot Alerts on WOBR StrategyVerse.