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[EquisMetaStock Group] Customising line studies



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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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