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---8<----------------
x:=Fml("Trailing Stop - ATR Chandelier Exit");
ExitLong:=Cross(x,C);
ExitShort:=Cross(C,x);
---8<----------------
jose '-)
--- In equismetastock@xxxxxxxxxxxxxxx, "david castley" <drc1939@xxxx>
wrote:
> Jose - how can you programme this in system tester? Thanks, David
> ----- Original Message -----
> From: Jose
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Thursday, April 22, 2004 3:25 PM
> Subject: [EquisMetaStock Group] Re: Trailing stop
>
>
>
> ===================================
> Trailing Stop - ATR Chandelier Exit
> ===================================
>
> ---8<---------------------------
>
> { Trailing Stop - ATR Chandelier Exit v2.0 }
> { Triggers: Long (+1) & Short (-1) signals
> at crossover of user-defined trailing stops }
> { ©Copyright 2003 Jose Silva }
> { http://users.bigpond.com/prominex/pegasus.htm }
>
> pds:=Input("ATR periods",1,252,10);
> pds1:=Input("ATR lookback periods",1,252,21);
> multi:=Input("ATR multiplier",0,10,2.5);
> plot:=Input("plot: trailing stop=1, Long+Short=2, signals=3",1,
3,1)
> ;
> adv:=Input("plot: today's trailing stop=0, tomorrow's stop=1",0,
1,0)
> ;
> delay:=Input("Entry and Exit signal delay",
> 0,5,0);
>
> StLong:=HHV(C-multi*ATR(pds),pds1);
> StShort:=LLV(C+multi*ATR(pds),pds1);
> stopLong:=If(C<PREV,StLong,Max(StLong,PREV));
> stopShort:=If(C>PREV,StShort,Min(StShort,PREV));
>
> In:=Cross(C,Ref(stopShort,-1));
> Out:=Cross(Ref(stopLong,-1),C);
> Init:=Cum(In+Out>-1)=1;
> InInit:=Cum(In)=1;
> flag:=BarsSince(Init OR In)
> < BarsSince(Init OR Out)+InInit;
> signals:=Ref((InInit AND Alert(InInit=0,2)
> OR flag AND Alert(flag=0,2))
> +(flag=0 AND Alert(flag,2))*-1,-delay);
> stop:=Ref(If(flag=1,stopLong,stopShort),-1+adv);
>
> If(plot=1,stop,
> If(plot=2,Ref(stopLong,-1+adv),0));
> If(plot=1,stop,
> If(plot=2,Ref(stopShort,-1+adv),signals))
>
> ---8<---------------------------
>
> jose '-)
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "arenzo2" <arenzo2@xxxx>
wrote:
> > Hi,
> > I would like to have a simple exit signal based for example on
> > close - ATR, for long entry, but I would like that the formula
can
> > only give higher values (without declining) until price hit the
> > value (exit signal).
> >
> > Could someone please suggest I could program it ?
> >
> > Many thanks
> >
> > Renato
>
>
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