• The Chande Kroll Stop indicator is a technical indicator developed by two Canadian bankers, Tushar Chande and Stanely Kroll.
• It is used to calculate the take-profit and stop-loss prices of various cryptocurrencies such as Bitcoin and Ether (ETH) on the crypto exchange, such as Gate.io.
• Traders use this indicator on different trading time frames such as 1M, 1W, 1D, and 6H for better results.

What is the Crypto Trade Stradges Chande Kroll Stop Indicator?

The Chande Kroll Stop indicator is a technical indicator developed by two Canadian bankers, Tushar Chande and Stanely Kroll. It calculates the take-profit and stop-loss prices of various cryptocurrencies such as Bitcoin and Ether (ETH) on the crypto exchange, such as Gate.io. This indicator also provides insight into real-time market volatility based on the asset’s price movements. It also calculates the take-profit and stop-loss levels using the average true volatility range of the security. Traders use this indicator on different trading time frames such as 1M, 1W, 1D, and 6H for better results.

History of Chande Kroll Stop Indicator

Chande Kroll Stop was published in their book „The New Technical Trader – Boost Your Profit by Plugging into the Latest Indicators“ in 1994 written by Tushar Chande & Stanely Kroll who are both Canadian bankers . They also developed various indicators which include Chande Momentum Oscillator, Aroon, StochRSI, and VIDYA which are widely used in different markets including Forex & Commodities markets all around world .

Calculating The Chande Kroll Stop

The stop points are derived from the high & low ranges of the indicator which are compared with asset’s average stop losses , we use following formulas: High Stop = Highest (N) x Average True Range Low Stop = Lowest (N) x Average True Range Where N is any number between 0 to 100

Advantages Of Using The Chanda Kroll Stop

Using this tool will help traders to set a good risk reward ratio when trading cryptocurrency or other assets like forex or commodities .It can bring more accuracy to your trades since it takes into account most recent trends & volatilities before deciding whether you should buy/sell an asset . Also with its aid more profits can be made & losses can be minimized .

Conclusion

The Chanda kRoll Stop is a great addition to any trader’s toolbox because it helps them make accurate decisions while trading cryptocurrency , forex or commodities . By calculating take profit & stop loss levels with its aid , traders have greater edge over market movements so that they can maximize their profits without taking too much risk .