[amibroker] Chandalier Trailing Stop

["nizar.mahri@xxxxxxxxx" <nizar.mahri@xxxxxxxxx>]

Hi,

Im looking at designing a chandalier style exit which is based on X*ATR(10) from the highest high after entry.

So it trails the price and increases whenever a new high CLOSE price is made.

If no new higher closes are made, then the the stop will flatline, and when it is hit, an exit will be triggered.

See this for an example (this chart was created in MS - Im new to Ami).
http://2.bp.blogspot.com/_CGPIdAqau4Q/RwLuJmNzyeI/AAAAAAAAACw/HKNa4sLhdB8/s1600-h/COH+champion+trade.JPG

Any help here would be much appreciated.

Thanks.

Nizar.



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