I am still working with the Fozzy method & have been looking at stops and targets based on ATR. The question is what period ATR to use, so I am now experimenting with an idea I found at the SBFX forum to make a kind of "exponential ATR" (actually, the idea there was to make an exponential average
daily range, but I think ATR makes better sense).
So what I have been doing is simply adding together the 1, 10, 20 & 50 period ATRs and dividing by 4... is this any better than using fib bands or a simply a 10 period ATR ? I have no idea, but wouldn't it be great if TRO added this exponential ATR column to the _SMAA_TRADE_RSIFOZZY indicator (with the 4 periods as inputs) ???
J.