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Theo,
Use the 'short one' when you would sell short - i.e. in downtrends, and
the 'long one' in uptrends. Stay out of the market or use something
else when things are flat.
HHP
=======================
> "Theo E.M. Lockefeer" wrote:
>
> Thanks HHP !
>
> Can you please give additional explanation ?
> When i plot the short one it's below the long one
> in general : is that ok ?
>
> Thx.
>
> Theo Lockefeer.
>
>
>
> ----- Original Message -----
> From: HHP <hhp@xxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: March 15, 2000 6:36 AM
> Subject: Re: Stop Loss
>
> > 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.
> > > >
> > > >______________________________________________________
> > > >Get Your Private, Free Email at http://www.hotmail.com
> > > >
> > > >
> >
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