Chande Kroll Stop

This is an implementation of the volatiliy based stop that was suggested by Tushar Chande and Stanley Kroll in their book “The New Technical Trader”. It is a trend-following indicator, identifying your stop by calculating the average true range of the recent market volatility.

Indicator Description

The Chande Kroll Stop indicator comes with a long stop line (blue) and and a short stop line (red) placing the stops under (and on) the high (low) of the last “n” bars. The difference corresponds to the average True Range on “N” bars.

The indicator is available for NinjaTrader 8.