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Name:
STOP/LOSS (#499)
Formula:
150
Above is an example custom indicator giving a straight horizontal line @150.
Unfortunaly you cannot 'auto' extend it to the right, as you can do with the
build-in MA.
My guess is to write a custom Parabolic Sar Indicator formula referencing
the above -very simple but handy for stop/loss- indicator by fml-calling.
You can reference this indicator by formula call function
fml( "#499" )
and 'manualy' adjust for each trade or in time as price moves up/down.
For this manual adjusting you would have to go into indicators "properties"
tab "formula".
You could also adjust the above indicator by using the "Input" function.
("Input" in explorer always uses the standard value tho).
Below I have pasted a few mails on the subject.
Regards,
Ton Maas
Ms-IRB@xxxxxxxxx
-----Oorspronkelijk bericht-----
Van: UG <ug@xxxxxxxxxxxx>
Aan: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Datum: zaterdag 19 september 1998 22:24
Onderwerp: Parabolic SAR question...
>
>Say I have a bias in the market, and I want to go long, but the Parabolic SAR
>is in a "you should be short" mode.
>
>Is there any way to force it to "start" today and use it simply to provide me
>a stop point? The initial value, according to Wilder is (in a long scenario),
>the lowest low of the last trade. If I _have_ no "last trade", how do I tell
>it "I want the initial value to be X"?
>
>I guess I could cruft one up myself, but wondered if anyone had done this.
>
>--
>========================================================================
>Peace through superior firepower
>http://www.unixgeek.com/cgi-bin/motd.pl - PGP email preferred
>
====================================
It wouldn't be an indicator but something specific to the System Tester,
since only the System Tester "knows" when trades begin and end. However
that information is there; it's a matter of how to access it.
Harvey Pearce, Victoria, B.C. Canada
====================================
vance wrote:
>
> We are apparently working on similar systems.
> Just last week I posted a the question to equis about how to reference the
> entry, since after the entry the signal comes up again.
> Their response was "no indicator exists to do that"
> Let me know if you find a way to do it!
> thanks
>
> vance
>
> ----------
> > From: Harvey Pearce <hpearce@xxxxxxx>
> > To: Metastock User Group <metastock-list@xxxxxxxxx>
> > Subject: HHV since Entry?
> > Date: Monday, February 09, 1998 1:02 PM
> >
> > In the System Tester I want to write an exit condition that applies a
> > calculation to the highest (or lowest) close since entry. I cannot use
> > a simple stop because of the calculation, and the HHV() function only
> > applies to a fixed period. I would use the Highestsince() function if I
> > can find a way to reference the entry. Referencing the entry conditions
> > will not work because they repeat after the entry. Does anyone see a
> > way around this? Any help will be much appreciated.
> >
> > Harvey Pearce, Victoria, B.C. Canada
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