What it does
The Chande Kroll Stop plots volatility-adjusted trailing stop lines for both long and short positions. A preliminary long stop is set at the highest high of a lookback minus a multiple of Average True Range, and the final long stop is the highest value of that preliminary stop over a second lookback; the short stop mirrors this below the lows plus the ATR multiple. The result is a pair of stepped lines that ratchet with the trend and widen with volatility.
How to add it
Click Indicators (ƒx) in the header.
Search “Chande Kroll Stop” and click the result.
Hover its legend row and click the gear to open settings.
How traders use it
- In a long trade, trail your stop along the lower (long) stop line; exit when price closes below it. Shorts mirror this against the upper line.
- Price trading above both lines confirms an uptrend and below both a downtrend; the space between the lines is neutral ground where new entries are best avoided.
- A close crossing through the opposite stop line can be used as a stop-and-reverse trend signal for systematic traders.
- Tune the ATR multiplier to the instrument: larger multiples survive noise on volatile assets, smaller ones lock in profit faster on quiet ones.
Inputs
| Input | Type | Default | Range / Options |
|---|---|---|---|
| ATR Length (p) | number | 10 | 1–4999 |
| ATR Coefficient (x) | number | 1 | 1–100 |
| Stop Length (q) | number | 9 | 1–100 |
Plots & styling
| Plot | Style | Default color |
|---|---|---|
| Stop Long | line | #2196F3 |
| Stop Short | line | #FF6D00 |
Every plot's color, line width and visibility can be changed on the Style tab. Precision, price-scale labels and status-line values are configurable at the bottom of the Style tab.
Tips
- Save the configured chart as a study template (Indicators menu) to reapply this exact setup elsewhere.
- Right-click the indicator's line for quick actions — settings, visibility and removal without hunting through menus.
- Use Add to favorites in the legend menu; starred studies surface at the top of the picker.
Watch out for
- Like all ATR trails it lags, giving back a chunk of open profit before the exit triggers after a sharp reversal.
- In sideways markets price chops between the two lines, generating repeated premature exits and false reversals.