Allow Average True Range (ATR) as a Stop Criteria
Average True Range is now available in VectorVest 7 with ProTrader as a stop criteria for both BackTests and Portfolio Automation.
Derek Goodyer commented
Has any testing in the simulator been done on trailing stops based on a multiple of ATR v the more traditional VV suggestion of % based Gain/Loss and have any educational videos been done on the new ATR capability in VV7?
Harold Arbogust commented
I realilze there is an ATR based traililng stop in VV7 now.
However, many of the SOTW presentations use a % Gain/Loss as a position exit strategy. I believe a very profitable enhancement would be to use a volitility based stop: ATR Gain/Loss.