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Barry. Do you, or anyone on the list, have a formula for being able to enter
the date from which you want this indicator to start? Thanks.
----- Original Message -----
From: Barry Marx <bmarx@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: 21/February/2000 02:23
Subject: Re: Formula Question
> Below is a variation of the Chandelier Exit that I came up with. It
doesn't
> solve the original question, but I like the way it plots better. It holds
> the
> highest value every time the stop moves up, and never moves lower unless
> the stop is hit, in which case its value is reset.
> - Barry
>
> Stop1:=If( PREV < L,
> {then} If(( H - 3*ATR(10) ) >= PREV,
> {then} ( H - 3*ATR(10) ),
> {else} PREV),
> {else (L <= PREV)}
> ( H - 3*ATR(10) ));
>
> Stop2:=If( PREV < L,
> {then} If(( C - 2.5*ATR(10) ) >= PREV,
> {then} ( C - 2.5*ATR(10) ),
> {else} PREV),
> {else (L <= PREV)}
> ( C - 2.5*ATR(10) ));
>
> StopVal:=If(Stop1>Stop2,Stop1,Stop2);
>
> StopVal;
>
>
>
>
>
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