I'm using Amibroker 5.10.
I'm writing code to set a trailing stop at 3* ATR. I'm trying to plot 3 *ATR as
a line to see this, yet I'm unable to plot it after checking references and
modifying the code.
The code worked fine using the ApplyStop for a 7% trailing stop. I commented it
out to use the 3*ATR. Also, green buy arrows and red sell arrows showed okay.
I imagine I've overlooked something obvious - maybe it is positioning of the
3*ATR line. I just don't know.
I used a purchase of PZT (Powershares ETF) on 9/11/2008 as a check to see the
line, but it didn't show.
Would someone look at the code below and tell me what is wrong with it?
Buy =
C > 5.0 AND
ROC(C,10) > 0 AND
PDI(10) > MDI(10) AND
ADX(10)>22 AND
C > EMA(C,10) AND
EMA(C,10) > EMA(C,20);
Sell=0;
//Trailing Stop at 7% Loss
//ApplyStop(2,1,7,1,False,1);
//Equity(1,0); //ThIS EVALUATES STOPS
//Plot(Sell==4,"ApplyStop Sell",colorRed,4|styleOwnScale);//4 is for
trailing stops
//Sell = 1.10*Buy;
//Using ATR
ApplyStop(2,2,3*ATR(10), 1, False,1) ;
Equity(1,0); //ThIS EVALUATES STOPS
Plot(Sell==4,"ApplyStop Sell",colorRed,4|styleOwnScale);//4 is for
trailing stops
//Plot ATR
Plot (C-(3*(ATR(10))), "c-3*ATR(10)", colorDarkGreen);
Thanks.