I am sharing the strategy version of the indicator used before. It is very simple to use. These are the settings I use, you can change, test and use as you wish. Atr Period 5 Highest High Period 10 Multiplier 2.5 It can generate more signals in shorter time frames. The success rate will be higher in longer time frames.
Same coding only coloring and information panel was added. CDC ATR Trailing Stop V2.1 (2013) //Barcolor Green = Trail1 > Trail2 and close > Trail2 and low > Trail2 Blue = Trail1 > Trail2 and close > Trail2 and low < Trail2 Red = Trail2 > Trail1 and close < Trail2 and high < Trail2 Yellow = Trail2 > Trail1 and close < Trail2 and high > Trail2 //It gives White...
ATR Trailing Stoploss Buy=crossover(close,TS) Sell=crossunder(close,TS)