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Geoff I'm not sure what Chris Tate uses for stops I don't recall him
mentioning his methods in the book maybe the second edition has it
Yes it would be handy or another variable that printed the stop sign on the
chart could be used as some form of afl for the back testing too ...user
defined stop
buy = XXX
sell = XXX
stop = Chandelier
something along these lines ..
Regards David
----- Original Message -----
From: "gmulhall@xxxx" <gmulhall@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 09, 2001 9:19 AM
Subject: RE: [amibroker] Chandelier stop
> David,
>
> This is very 'Chris Tate'.
>
> Have you seen my request to Thomas for a least squares fit function ?
>
> The idea is to have
>
> sell = close < lsf(close,10) - 2 * atr(10).
>
> lsf is the line of best fit (calculated using a mathematical leat squares
fit of price (could be high as you've chosen).
>
> The market is then determining your sell position.
>
> Interested ?
>
> Geoff
>
> Original Message:
> -----------------
> From: David Holzgrefe dtholz@xxxx
> Date: Tue, 8 May 2001 15:03:26 +1000
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Chandelier stop
>
>
> Hi all Here a little afl that you may find handy is in the form af a Guru
commentry..
>
> Is there a way to get ami to place the signal on a chart for the current
cursor position only ?
>
>
> /* Chandelier stop
> By David Holzgrefe
> 7.05.2001*/
>
> "\n Chandelier stop is a trailing stop that use the true average range
atr(10) in this case * 2.5"+
> " The length of the multiplier will impact on the profitability.
Obviously, a larger multiplier will let larger trends develop but has the
potential to leave larger profits on the table. A smaller multiplier will
leave less profit on the table but increase whipsaw." ;
> "";
>
> writeval(atr(10)) + " ATR Value"; // change periods to suit
>
> chandler=atr(10) *2.5; // Change the multiplier to suit
> writeval(chandler) + " Chandelier value";
> stopval= high-chandler;
> writeval(stopval) + " Chandelier stop";
>
> /*buy = 0;
> sell = stopval;
> */
>
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