Re: Stop Loss

[HHP <hhp@xxxxxxxx>]

Here's a stoploss from Chande & Kroll's The New Technical Trader p.167,
'Volatility-Based Trailing Stops'.  There are three input variables to
play with.

{Volatility Stop (Long)}
Pds1:= Input("ATR Lookback?",2,100,10);
Mult:= Input("ATR Multiplier?",1,20,3);
Pds2:= Input("HHV Lookback?",2,100,20);
PrelimStop:= HHV(H,Pds1) - ATR(Pds1)*Mult;
ActualStop:= HHV(PrelimStop,Pds2);
ActualStop

{Volatility Stop (Short)}
Pds1:= Input("ATR Lookback?",2,100,10);
Mult:= Input("ATR Multiplier?",1,20,3);
Pds2:= Input("LLV Lookback?",2,100,20);
PrelimStop:= LLV(L,Pds1) + ATR(Pds1)*Mult;
ActualStop:= LLV(PrelimStop,Pds2);
ActualStop

HHP
=========================

Simon Roberts wrote:
> 
> wally,
> can't quite figure how this will work. if you  leave the stop at 80% of your
> close it will work well all the way up; it won't ever trigger; but on the
> way down, it will carry on down beneath you, in a comforting sort of way.
> It's a bit like hanging out a sell now sign on the end of a rope hanging
> from your hot air balloon, you only catch up with it when you hit the
> ground.
> 
> one way to plot some price offsets is with the moving average indicator,
> which is on the toolbar, indicator quicklist, which lets you input say 1 day
> average, at any displacement from the price, up down and or sideways.
> Simon
> 
> -----Original Message-----
> From: j seed <jseed_10@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: 14 March 2000 16:04
> Subject: Re: Stop Loss
> 
> >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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> >
> >