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Mike
The ability to turn a plot on and off would be nice but there is no
practical way to do it at the moment. It's easily possible to truncate a
plot at either end of any given signal even though there are code overheads
in doing so. Moving one step further requires another whole set of solutions
that I feel is really beyond the scope of MS formula language. However I
prefer to think of situations like merely as obstacles to which the
solutions haven't been found yet rather than that no solutions are possible.
I'm impressed with your method of getting your trail UNDER the candles. A
nice piece of lateral thinking.
I've had some success with covering up transitions and blanking initial zero
plots (turning from zero to N/A) so let me know if there's any way I might
be able to advance the cause a little further.
Roy
> I remember following that thread and I have just checked the archive.
>
> I believe the main difference is that your barsback was designed to plot
> a LINE in response to various inputs.
>
> 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!!
>
> 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'.
>
> Thanks for the heads up on your earlier thread.
>
> Regards,
> Mike
>
>
>
> -----Original Message-----
> From: pumrysh [mailto:no_reply@xxxxxxxxxxxxxxx]
> Sent: Monday, 27 October 2003 6:59 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [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,
> > Mike
>
>
>
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