Steinitz Volatility Channel SAR Robot
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Trade Logic
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Trade Logic
The indicator that drives the robot is based on ATR (average true range) and drawn on the price chart.
  1. The indicator will calculate the ATR for the last X bars (X is an external variable).
  2. The indicator will subtract the ATR value from the highest price in the last Y bars and draw a line (Y is an external variable and can be different from the ATR period)
  3. The indicator will add the ATR value from the lowest price in the last Y bars and draw a line.
In summary: In the end we will have a channel that will be used as a SAR (stop and reverse).

 
   
 
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