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Volatility

Chande Kroll Stop

CKS

A two-stage ATR stop that first computes an initial stop from the recent high/low minus/plus ATR, then takes the rolling extreme of that stop over a second lookback. The double smoothing removes whipsaws that plague simpler ATR stops.

Tips

Price crossing above the short stop while the long stop is rising is a bullish confirmation signal; the reverse for shorts
Widen atr_mult on high-volatility crypto assets to prevent being stopped out by normal intraday swings

Parameters

ATR Period
2 - 50
ATR Mult
0.1 - 5
Stop Period
2 - 50