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--- In equismetastock@xxxxxxxxxxxxxxx, "Fulvio" <fulami@xxxx> wrote:
> >THE YO YO EXIT: This exit is very similar to the
> >Chandelier Exit except that the ATR stop is always
> >pegged to the most recent close instead of the highest
> >high. Since the closes move higher and lower, the stop
> >also moves up and down (hence the Yo Yo name).
>
> thanks for your help, do you have the formula?
I found this, the code is for TS:
Function:YoYoExitLong
--------------------------------------------------
Input:ATRMult(Numeric),ATRLen(Numeric);
If MarketPosition=1 then
YoYoExitLong=C-ATRMult*AvgTrueRange(ATRLen) else
YoYoExitLong=0;
--------------------------------------------------
{Yo yo exit short}
if marketposition = -1 then exitshort("yoyo short") c + Atrmpx*
avgtruerange(atrn) stop;
{Yo yo exit long}
if marketposition = 1 then exitlong("yoyo long") c - Atrmpx *
avgtruerange(atrn) stop;
{ Atrmpx This is the multipier for Average true range and should be a
number }
{ Atrn This is the number of days to calculate the Average True
Range}
You should test the atrmpx carefully on the specific market you are
trading. Markets with higher average volatility will require a larger
multiplier. This stop is designed to get you out of extreme adverse
one day moves against your position and should not be used as a
primary stop.
It will not be triggered until you are in a position, so used EOD it
will not be active on the entryday, since Tradestation will not know
you are in your position until the close.
--------------------------------------------------------
Best Regards
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