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Mike,
Some time ago I wrote an indicator called barsback Z, it stopped and
started as you suggested. I believe it could be modified to work as
you requested.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "mfsloane" <mfsloane@xxxx>
wrote:
> I have an indicator that plots a trailing stop; it references
other
> indicators, so it knows when I am in a trade or out of trade; to
> date I have been happy with an IF statement that effectively says:
> IF("IN A TRADE", PLOT TRAILING STOP, otherwise PLOT LOW)
>
> I can drop this onto a chart and it doesn't stuff up the scaling
> because the LOW plot is within range (if you have it plot "zero"
> when not in a trade, the result is not pretty).
>
> I can colour it gray and ignore this line that hangs under the
lows
> (or above the highs for a short), but it does get in the way a
> little bit and I would really prefer that it wasn't there.
>
> Does anyone know if it is possible to plot an indicator
that "STOPS"
> and "STARTS" without having to revert to either zero, or the low
of
> the day (or similar) when it is not required to be there?
>
> i.e. is there any way to code an indicator that will do:
> IF("IN A TRADE", PLOT TRAILING STOP, otherwise do not plot
anything).
>
> Any guidance will be gratefully received.
>
> Thanks,
> Mike
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