Trailing using ATR Ribbon
How to trail the ATR bottom and what the (dis)advantages are.
An alternative to trailing candle bottoms comes in the form of the ATR Ribbon. We've already covered how this ribbon can prevent us getting wicked into a trade. It can also helps us from getting wicked out in a similar fashion. Using the ATR Ribbon we are trailing the trend while granting it a bit more room for a pullback. As a tradeoff for this added buffer you're giving away some profit percentages when you do get stopped out of the trade.
A sample trade while trailing the ATR Ribbon.
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