|
PureBytes Links
Trading Reference Links
|
hi everybody
I have designed a close trailing stop for short term systems.
The logic is to start with an ATR multiple subtracted from the low
on the first day of the trade and on the following days to rise the
stop by the difference of the respective lows, yet in such a way
that the stop for the long position can never be lower than the
previous stop value.
(entry is only a simple example)
atrs := 4;
atrmult:= 0.25;
longentry:= Cross(C,MOV(C,30,S));
stopl:=If(BarsSince(longentry)=0,L-ATR(atrs)*atrmult,If(L>Ref(L,-
1),PREV+(L-Ref(L,-1)),PREV));
stopl;
I'd like to plot this as an indicator in the chart window. My
problem is that during the "flat" periods the stop grows higher and
higher and so it distorts the chart view.
Anybody got an idea how to avoid that?
Thanks so much
metarockx
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|