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ATR Exit 1
The ATR and many other indicators are explained at this site.

If you are using Metastock the following formula is for an ATR exit.
The defaults are high - 3*ATR but you can change these values to suit.

ATR Exit 1

dataarray:=Input("Data array. Enter a number 1=o, 2=h, 3=l, 4=c",1,4,2);
multiplier:= Input("Enter ATR multiplier ",1,10,3);
atrperiods:= Input("Enter ATR periods",1,39,5);
HHV(value2 - multiplier*ATR(atrperiods),10)


Paste it into Indicator Builder.

Source / From: TOP

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