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<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000>Hi,</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>Below is a
Chandelier exit based on Chuck Le Beau's articles (web). Barry Marx had
the original idea of a Chandelier exit resetting and I thank him for his help
and code. Others on the list have helped with particular bits,
particularly the lastvalue() idea.</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>The only other thing
I would like to do is to only plot the Chandelier from the day of entry - any
suggestions would be gratefully accepted.</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000>Andrew</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>Chandelier
Stop</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000>_____________</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>Day1 := Input("Day
of Trade",1,31,4);<BR>Month1 := Input("Month of Trade",1,12,1);<BR>Year1 :=
Input("Year of Trade",1900,2400,2000);</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>ATRDays:=Input("ATR
Days",1,30,10);<BR>ATRHighMult:=Input("ATR Multiplier From
High",1,5,3.0);<BR>ATRCloseMult:=Input("ATR Multiplier From
Close",1,5,2.5);</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000>PdsTrade:=BarsSince(DayOfMonth()=Day1 AND Month()=
Month1 AND Year()= Year1);</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000>HHVValue:=HHV(H,LastValue(PdsTrade));</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>{The stop from the
HHV}<BR>HHVStop:= HHVValue - ATRHighMult*ATR(ATRDays);</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>{The stop from that
bar's H}<BR>HighStop:= H - ATRHighMult*ATR(ATRDays);<BR>{The stop from that
bar's C}<BR>CloseStop:= C - ATRCloseMult*ATR(ATRDays);</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>{Calculates the
Highest stop from the H stop or the C stop - Puts the stop at the highest
stop}<BR>TodaysCalc:= If(HighStop > CloseStop, HighStop,
CloseStop);</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=900480001-24042000>{After the H or C
stop is highest, it compares that to the HHV stop. The stop is then
calculated on the highest value}<BR>TodaysStop:= If(L <= PREV, TodaysCalc,
If(HHVStop < PREV, PREV, If(HHVStop
><BR>C,PREV,HHVStop)));</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000>TodaysStop;</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=900480001-24042000></SPAN></FONT> </DIV></BODY></HTML>
</x-html>From ???@??? Sun Apr 23 19:16:35 2000
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for <metastock@xxxxxxxxxxxxx>; Mon, 24 Apr 2000 13:40:54 +1200
From: Bill Sutherland <sutherla@xxxxxxxx>
To: metastock@xxxxxxxxxxxxx
Subject: Re: Volume Moving Average Study
Date: Mon, 24 Apr 2000 13:46:40 +1200
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Status:
Nicholas
I do the same as Ian, except that I also copy a complete download
copy on another hard drive, as security against a hard drive failure.
When downloading to a "watchlist" or "topstocks" etc, make sure that
you go to Tools/convert/options/destinations and untick "create new
files". This avoids dropping the whole download into your carefully
selected lists. The number of times I have done this..............
Make sure that you retick again before you do your next major
download.
Bill
On Mon, 24 Apr 2000 10:36:50 EST, you wrote:
>Nicholas,
>I keep about 3,000 securities in a composite folder and update daily but I
>mainly use two other folders which have about 200 securities in each. These
>have been copied from the composite folder and consist of "topstocks" and
>"watchlist". It means I run through the download process 3 times each day
>but the small folders convert really quickly.
>Explorations are lightning fast and if I ever want to check on a particular
>security which suddenly looks interesting that's not in the "topstocks" or
>"watchlist" folder it's there, right up to date in the main composite
>folder.
>A side benefit is I always have a backup copy of the securities I'm most
>interested in which has been a blessing a few times.
>Every few months I'll scan through the folders to check on any dormant
>securities and remove them.
>This works for me.
>
>regards
>Ian
>
>
>>From: "Nicholas Kormanik" <nkormanik@xxxxxxxxxx>
>>Reply-To: metastock@xxxxxxxxxxxxx
>>To: <metastock@xxxxxxxxxxxxx>
>>Subject: Volume Moving Average Study
>>Date: Sat, 22 Apr 2000 17:10:20 -0600
>>
>>
>>The TA aspect I'm presently working on has to do with volume, and is as
>>follows:
>>
>>Of the 7000 or so stocks I have in my MetaStock folders, would it be wise
>>to
>>*delete* many of these, say 4000 or so, based on 'Average Volume' traded on
>>these stocks?
>>
>>The average volume figure I would be using would be the 100-day moving
>>average volume. The tentative cut-off level would be 50,000 --- any stock
>>trading less than that based on the 100-day average would get axed.
>>
>>Pros: Explorations will be faster.
>>
>>Cons: Some of those getting axed may suddenly emerge from a dormancy, and
>>since you axed them you'll never get to play these.
>>
>>Any suggestions?
>>
>>Nicholas
>>
>
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