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Wallie,
Pie of cake! First go to the Indicator Builder...click on new...name your
new indicator(Wallie's 20% Stop Loss Indicator). Now the hard part...how
does your original indicator plot? Is it an oscillator or a simple line
study? Oscillators plot above and below a specific point usually zero. Line
studies plot price values. If you are willing to accept a value that is 80%
of your original indicator value then go to functions and select your
indicator (ie. let's use CCI(14)...) Finally, we want a value of 80% so
we'll multiply by .80 . So here's your indicator:
W20SLI
CCI(14) * .80
You may also want to use the other side of the equation by multiplying by
120%; so your indicator would be:
CCI(14) * 1.20
You can plot both lines at the same time in the same indciator by defining
them in an indicator as follows:
{W20SLI}
MINUS:= CCI(14) * .80;
PLUS:= CCI(14) * 1.20;
MINUS;
PLUS;
Okay, we've helped you and now it's your turn to help us! Share the results
of what you get!
J.
>From: "Norman Walsh" <nwalsh@xxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock-list@xxxxxxxxxxxxx>
>Subject: Stop Loss
>Date: Mon, 13 Mar 2000 20:47:02 -0000
>
>Hi
>As a new comer to metastock I would like to know how to plot an Indicator
>20% below a line chart, as a stop loss. Also how to start it at a specific
>date.
>
>Thanks in advance.
>
>wallie.
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