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Glen,
Try http://tradersclub.com bulletin # 14. This is a great site. Recommend
everybody who is clueless (like me) about system development to check it
out.
THE CHANDELIER EXIT: The exit stop is placed at a multiple of average true
ranges from the highest high or highest close since the entry of the trade.
As the highs get higher the stop moves up but it never moves downward.
THE YO YO EXIT: This exit is very similar to the Chandelier Exit except that
the ATR stop is always pegged to the most recent close instead of the
highest high. Since the closes move higher and lower, the stop also moves up
and down (hence the Yo Yo name).
Haven't coded them in MS yet, but they don't appear to be too hard.
Rgds,
Rod
>
>Date: Tue, 2 Mar 1999 13:57:57 -0800
>From: "Glen Wallace" <gcwallace@xxxxxxxx>
>Subject: Chandelier and Yo Yo Exits
>
>Can anyone post the MetaStock code for the Chandelier Exit and Yo Yo Exit?
>How about a plain-English description?
>
>If anyone is willing to work on this with me, we can take a crack at it and
>post the results here.
>
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