Volatility stop
A stop trailing the close by a multiple of the average true range.
Formula
Up-run stop = highest close of the run − multiplier × ATR (mirror for a down-run)
How to read it
A close through the stop flips the side and restarts the run.
How to use it
A volatility-adjusted trailing stop that never loosens.
In Kereon
Charts · Superchart. Defaults ATR 20 × 2.
Also called: vstop, atr stop, trailing stop, chandelier.