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Mike,
Take a look at PriceChannelLow(periods) to trail a long stop, and
PriceChannelHigh(periods) to trail a short stop.
Grizz
--- In equismetastock@xxxx, Mike Loveday <mike.loveday@xxxx> wrote:
> 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.
> 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.
>
> Stop Loss Indicator
>
> periodslong:=input("periods if long",1,50,10);
> LLV(L,periodslong)+ATR(periodslong);
> {stoploss level for long positions}
>
>
>
>
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