Trendranger
This indicator was developed as an exit
for trend following
strategies. Compared
to the widely
used ATR exit,
Trendranger possesses the ability to remain stable during
counter movements
which makes it
also useful as
an initial stop.
Trendranger`s advantage in comparison to the also well known
Parabolic Indicator
consists in its
behaviour in sideways
moving markets,
where it does
not permanently
draw nearer to
the market, therefore
not closing trend
developments early
out.
Trendranger adjusts itself dynamically to market volatility. You
decide how much
room you will
give the stop
level and how
many historical
bars are included
in the analysis.
Trendranger
can be used on
any time level
(also intraday)
and with all trending
markets. It is
especially well
suited for breakout
strategies.
All settings of the Trendranger
examples on these
weekly charts
above are the
same!
Multiplier 2.5 and Rangelength
3.
The Trendranger package contains:
Trendranger Indicator
Trendranger
Function
Trendranger
LX
Trendranger
SX
Description:
Trend following
Indicator and
Trailing Stop
Usage: Long
and Short exit
(Trailing stop)
for breakout strategies
Advantage:
The function of
this indicator
can be used to
build a strict
trailing stop
because the stop
can not loosen
sometimes like
the ATR Trailing
Stop. Another
advantage: The
stop does not
move closer when
the market is
going sideways
like the parabolic
indicator.
Instructions
/ Settings:
Multiplier: to
define how close
the indicator
will come to the
trend
Rangelength:
the number of
bars to consider
measuring current
volatility
Display all: true
= plot all bars,
false = plot only
if Marketposition
<> 0
Displace: -1 will
move the indicator
1 bar ahead.
TradeStation
customer trials:
In order to assist
with the demonstration
of TradeStation compatible products, TradeStation Technologies provides
30 day Trials
for just $25 of
TradeStation 8 to
our customers.
|
Order
now !
Trendranger
(Lifetime
License)
Price:
$149.00
|
|
For
additional
payment
options
please contact
Triangletrading
|
Past trading performance is not necessary indicative
of future trading
performance. The performance
results
on this
page are hypothetical
results.
