Stops

4/14/16 - 9:36 pm

using ATRSTOP3X study...when to use each..no strict 100% rule, just general rules of thumb...
** this is for new stops..usually don't even have to do this..just leave with the old stop / original stop of entry minus 1 ATR stop
*** use this to find a new stop when i see any cause for danger from the prior candle + effort / reward widget study
**** not hard rule but think unless ZigZag lines change waves, it should stay at GREEN

GREEN ATR STOP - yesterday's candle still made a gain but the candle closed off the highs...and worse if closer to the lows than the middle

YELLOW ATR STOP - yesterday's candle registers a loss and a sideways candle...

RED ATR STOP - yesterday's candle registered a loss and a very bearish candle such as closing at it's lows of the day...and even worse is if it closes way lower than the open too

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From 2/29, 5:42pm - actually me trying to fix the ATRBBC stop is good afterall..when i use daily data, not hourly...so i am trying to fix it fully...cause it would be very very useful...so let's simplify it:

if today's low is >= to today's stop price, then turn black
low [0] >= BBCstop

today's stop needs to be the same color as the BBC signal
if BBCsignal [0], then assigncolor similar


if we are going higher...aka today's low is higher than yesterday's low,
low [0] <= low [1],
then use yesterday's stop (easy version)
THEN BBCstop = BBCstop [1]

 if we are going higher...aka today's low is higher than yesterday's low
 low [0] <= low [1]
and BBCsignal is >= than yesterday's signal,
 AND bbcsignal [0] >= bbcsignal [1]
 then use highest of today or yesterday's stop (harder version)
THEN max (bbcsignal[0], bbcsignal[1])