RE: atr trailing stop

["Yngvi Hardarson" <hardy@xxxxxxxxxxxxx>]

I would rather recommending trailing off the daily high for a long position
or of the daily low for a short. This however demands a little bigger ATR
multiple i.e. something like:

For long:
HHV(H - 2.5*ATR(5),10)

For Short:
LLV(L + 2.5*ATR(5),10)

Furthermore it may be beneficial to dynamically adjust the number of
lookback periods in the HHV() or the LLV() function.

Best regards,
Yngvi Hardarson

> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of mikelu
> Sent: 9. ágúst 1999 04:24
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: atr trailing stop
>
>
> Try something like this:
>
> HHV(C - 2*ATR(5),10);
>
> Mike
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of POMPATIS@xxxxxxx
> Sent: Sunday, August 08, 1999 7:15 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: atr trailing stop
>
>
> Hello all,
>
> I am trying to code an atr based trailing stop and have been flailing.
> Perhaps those better at this than I could assist.
>
> The english language version would read something like this:
>
> For long positions the trailing stop would be:
>
> Current price minus 2 times the highest value of a 5 period moving average
> of
> a 5 period atr since the position was initated.
>
> Perhaps a custom  indicator could be created which behaved as
> above, and the
> exit could be entered as a cross of the price with the indicator.
>
> Obviously, the inverse would be true for short positions:  lowest value
> since, etc.
>
> Thanks to anyone who is able to assist.
>
> Sincerely,
>
> K. Miles
>
>