Re: [amibroker] Plot ATR trailing stop which only increases

["Padhu" <ccie8340@xxxxxxxxx>]

Andrew,

 

Greetings.

 

This is based on the chandlier inthe library. So credit goes to G Muhali.

 

Use valuewhen to get the start value from your buy signal using barindex.

_SECTION_BEGIN("Chandelier Exit");

YourHold_Buy = BarIndex() - ValueWhen(SwingTrade_Strategy3_Buy, BarIndex(), 1);//Replace <...> with your 'buy' formula

YourHold_Sell = BarIndex() - ValueWhen(SwingTrade_Strategy3_Sell, BarIndex(), 1);

Multiple = 3; //How many ATR?s to be allowed below the highest high since latest "buy" bar

ATRPeriods = 20; //How many periods to use for the ATR

Chandelier_TS_FOR_LONGPOSITIONS = HHV(Close,YourHold_Buy) - (Multiple * ATR(ATRPeriods)); //Chandelier exit line from highest close

Chandelier_TS_FOR_SHORTPOSITIONS = LLV(Low, YourHold_Sell) + (Multiple * ATR(ATRPeriods)); //Chanderlier exit from lowest low (used when going short)

Plot(Chandelier_TS_FOR_LONGPOSITIONS, "ChandClose", ParamColor( "ChandClose Color", colorViolet ), ParamStyle("ChandClose Style") );

Plot(Chandelier_TS_FOR_SHORTPOSITIONS, "ChandLow", ParamColor( "ChandLow Color", colorAqua ), ParamStyle("ChandLow Style") );

"YourHold_Buy is "+YourHold_Buy;

"ATR20 IS "+ATR(20);

"hhv_buyhold is "+HHV(Close,YourHold_Buy);

_SECTION_END();///////

Cheers,Padhu

 

----- Original Message -----

From: amickan1958

To: amibroker@xxxxxxxxxxxxxxx

Sent: Thursday, November 22, 2007 1:39 AM

Subject: [amibroker] Plot ATR trailing stop which only increases

Hi,

I've been trying to crack this one but can't seem to. What I need is a
plot of my trailing stop. The stop is based on a multiplier of todays
ATR(30) value. This stop only ever increase.

Can anyone help me out with some code please?

Thanks

Andrew

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