I use an Atr-stop in my graphs. Formula:
HHV(C - 2.*ATR(5),10)
So I look on a daily basis where the plotted ATR is in connection to the
last Close (EOD).
Now I thought , I can make a simple exploration with only the formula above
and print it on a daily basis so I need not to write it down every evening(
which I do).
But sometimes, of course, the last ATR-value went up. Nothing
wrong!
But sometimes the ATR-value is down, e.g. 1 day. My close is still higher
then the last ATR-value.
In writing I stick to the ATR-value a day before because that was my
original stop.
I scrolled through a list of stocks and saw that when I e.g. print the
highest value of the last seven or eight days, I probably hold on to my initial
stop ,because in most cases ,using the above formula, the ATR-stop value resist
the same for 5 to 10 days!
Question:
How is the formula of the highest value during 7 days of the above ATR-Stop
formula?
Something like HHV((HHV(C - 2.*ATR(5),10)),7)
Regards,
Kees Takkenberg