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<FONT
color=#0000ff>Is it possble in
Metastock to write custom formulas for line studies (ie; this would be a
function similar to the 'linear regression' or 'raff reg channel' in the drawing
tools)? Basically i want to write something that draws a horizontal
parallel line 2 or 3 or 5 lows below an entry point line for example
(a typical stop loss application). Ideally this should "trail" as price moves
higher/lower. <SPAN
class=080005121-28102002>
<FONT
color=#0000ff>
<FONT
color=#0000ff>I found this formula
below, but it's an indicator rather than a one-off line study.. ie; i
don't necessarily want to apply it across all the
data.
<SPAN
class=080005121-28102002><FONT
color=#000000 size=3>Stop Loss Indicator
<FONT face="Courier New" color=#000000
size=3><FONT color=#000000
size=3>periodslong:=input("periods if
long",1,50,10);<FONT color=#000000
size=3>LLV(L,periodslong)+ATR(periodslong);{stoploss level for
long positions}
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