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Hi
Preston,
<SPAN
class=147431120-26102003>
I remember following
that thread and I have just checked the archive.
<SPAN
class=147431120-26102003>
I believe the main
difference is that your barsback was designed to plot a LINE in response to
various inputs.
<SPAN
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What I am looking
for is a way to tell MetaStock to only plot a variable function when certain
conditions (not defined by the user, but defined by a custom indicator) are met,
and I can't see immediately how your LINE formula could help with that; it may
be that I can't see the wood for the trees!!
<SPAN
class=147431120-26102003>
I have had a bit of
a fiddle with it since posting the original request and have found that I can
mask the LOW (or HIGH for a short) plot on days when I am not in a trade by
overlaying an extra custom indicator that plots the low in WHITE (or whatever
background colour I use); only problem is it overlays on top of the price
candles (yes . . . I am one of people who happen to like candles); so I tried
CUTTING the base security our of the chart and then PASTING it back in; it works
- the candles come back in over the top of the custom indicators and the MASK
and it comes close to what I am looking for; I just end up with a few funny
tails at the transition between the start and end points of a trade.
Would still
like to find a way to do it in formula language tho'.
<SPAN
class=147431120-26102003>
Thanks for the heads
up on your earlier thread.
<SPAN
class=147431120-26102003>
<SPAN
class=147431120-26102003>Regards,
<SPAN
class=147431120-26102003>Mike
<FONT
face=Tahoma size=2>-----Original Message-----From: pumrysh
[mailto:no_reply@xxxxxxxxxxxxxxx] Sent: Monday, 27 October 2003
6:59 AMTo: equismetastock@xxxxxxxxxxxxxxxSubject:
[EquisMetaStock Group] Re: anyone know how to plot a trailing stop only while
in a trade?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,> MikeTo
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