Acerinvest Posted April 28, 2010 Report Share Posted April 28, 2010 I have just put together a little indicator that you might find useful. When scalping I always have to think about where to put my stop and limit on th order. When trying to act quickly this can be a bit of a pain so I came up with the attached indicator. What does it do? It uses the average trading range to set a margin below the lowest of the last four bars (actually at half the ATR). Then, based on your reward to risk ratio target, it calculates the limit figure. These are noted in any of the four corners of your main chart. Let me know if this helps and if there are any other enhancements you might like to see. http://www.4shared.com/file/Sys6AXNs/StopandLimit.html smurf43, hockboon and GTA 3 Quote Link to comment Share on other sites More sharing options...
Timber13 Posted May 5, 2010 Report Share Posted May 5, 2010 Look forward to checking it out, Cheers Quote Link to comment Share on other sites More sharing options...
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