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<SPAN
class=103512521-26102003>Roy,
<SPAN
class=103512521-26102003>
Thanks for the
response. I suspected as much and your confirmation confirms my suspicions. You
summed it up with your reference to "turning a plot on and off"; that is
precisely what I am looking to do; I may have 10 - 20 trades in a single year on
a single stock; these may run from 1 day to 21 days+ and I was looking for a way
to turn the TS plot ON and OFF when IN and OUT of a trade and to be able to
repeat the exercise across an extended time frame.
<SPAN
class=103512521-26102003>
I like your way of
looking at the obstacle (or is it looking around the perceived obstacle??); I
will keep searching for the solution to this one and keep you posted.
<SPAN
class=103512521-26102003>
As far as the
visuals go, I have been used to looking at my charts with the trailing stop as a
light gray line (so that the L/(H) plot did not interfere with interpretation);
when I discovered the masking indicator, I was immediately able to bump up the
line thickness and colour contrast and make the individual trades immediately
visible from a cursory inspection; maybe MetaStock would like to add such a
switching fucntion to their "client wish list" ??
<SPAN
class=103512521-26102003>
<FONT
color=#000000>Thanks again for the response and the encouragement - <FONT
color=#000000>feel free to use it in "the book"; I won't ask you when it is
going to be available!!
<SPAN
class=103512521-26102003>
<SPAN
class=103512521-26102003>Regards,
<SPAN
class=103512521-26102003>Mike
<FONT
face=Tahoma size=2>-----Original Message-----From: Roy Larsen
[mailto:rlarsen@xxxxxxxxxxxxxx] Sent: Monday, 27 October 2003 8:04
AMTo: equismetastock@xxxxxxxxxxxxxxxSubject: Re:
[EquisMetaStock Group] Re: anyone know how to plot a trailing stop only while
in a trade?MikeThe ability to turn a plot on
and off would be nice but there is nopractical way to do it at the
moment. It's easily possible to truncate aplot at either end of any
given signal even though there are code overheadsin doing so. Moving one
step further requires another whole set of solutionsthat I feel is really
beyond the scope of MS formula language. However Iprefer to think of
situations like merely as obstacles to which thesolutions 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. Anice piece of
lateral thinking.I've had some success with covering up transitions
and blanking initial zeroplots (turning from zero to N/A) so let me know
if there's any way I mightbe 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>>>> Yahoo! Groups
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