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Is this what you are looking for?
Coeff = 3 ;//make this what you want
Falls = iif( L<ref(L,-1), ref(L,-1) - L, 0 ) ;
Count = cum( L<ref(L,-1) ) ;
AvFall = Falls / Count ;
Exit = HHV(H,5) - Coeff * AvFall ;//assume the fall below recent highest
high after buy signal
Cheers,
Graham
http://groups.msn.com/ASXShareTrading
http://groups.msn.com/FMSAustralia
-----Original Message-----
From: sloughbridge [mailto:sloughbridge@xxxxxxxxx]
Sent: Tuesday, 23 September 2003 5:24 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Elder Safe Zone Stop
Has anybody done this in AFL?
When L < Ref(L,-1) I want to average those differences with either an
MA or a lookback. Can't get it.
The stop is a coefficient * the average difference beneath current
lows.
Thanks for any help!
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