Different trailing stop

[BertW]

Has anyone implemented the strategy as detailed in Active Trader Nov 11 page 56?
The true range trailing stop increments at each 40 period Hi/Lo. Seems like
different way of implementing a trailing stop.

[NinjaTrader_AdamP]

BertW,

Thanks for your note.

Unfortunately without the article itself I am unable to comment further.

Hopefully someone will be able to help you out with this, or if you have a more detailed description of the method I may be able to comment.

[BertW]

The article describes a 2 times 10 period average median true range trailing stop that increments at every 40 period hi or lo. Variables could include the length of the increment period, the length of the average median true range, & the distance between the price close & average median true range.

[NinjaTrader_AdamP]

BertW,

This is entirely possible in NinjaScript. There are functions for calculating the median, and then you can input it as a dataseries into the ATR indicator. There are also ways of calculating the High/Low over the last X number of bars. You could create an indicator for the ATR-Median as follows, then implement the rest possibly in the strategy wizard.

In OnBarUpdate()

Medians.Set(GetMedian(Close,lookbackPeriod));
ATRM.Set(Medians,period);

Of course you will need to setup the Medians and ATRM as dataseries or plots.

If you need help with this, I would suggest contacting a NinjaScript consultant. Please find a link below.

http://www.ninjatrader.com/partners#NinjaScript-Consultants