Hey all - I'm looking for some help implement and plotting van tharp stops (meaning High-number*ATR or Low+number*ATR). What I'm trying to do is create a SAR system using the multiple of ATR. So, if you are long, you have stops below, and if it blows through the stop, the system reverses and goes short. My question is really about how to initiate the system - what I'm stuck on is how to know whether to go long or short initially - I'd love some thoughts on it.
Sorry if this is stupid question - feel free to point me to somewhere in the documentation I'd be happy to read about it. Thanks, Damian
