Average True Range (ATR) Stop Losses

[lou]

Can anybody tell me where you can get the Average True Range indicator online?

[whirly]

comes free with incredible charts but you have to work the stops out yrself. Pretty easy to do in yr head once you've got the formula sussed. There are a variety of formulas but simplest is CP-(2xATR). Can use 3xATR for more volatile stocks.

CP= Closing Price.

Remember stops should only go up and never be adjusted downwards.

Disc: I am an amateur chartist only. Please DYOR and if you find anything contrary to my opinions please do share.