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<FONT face="Times New Roman"
color=#000000 size=3>This is a stop loss
indicator based on the following:
<FONT face="Times New Roman"
color=#000000 size=3>
<FONT face="Times New Roman"
color=#000000 size=3>a) an initial entry day stop
set at "EDATRFactor"% away from the entry price
<FONT face="Times New Roman"
color=#000000 size=3>b) a trailing stop loss set
at "TSATRFactor"% away from the highest high since entry.
<FONT face="Times New Roman"
color=#000000 size=3>
<FONT face="Times New Roman"
color=#000000 size=3>When you pull the indicator
onto a chart you will be prompted for:
<FONT face="Times New Roman"
color=#000000 size=3>
<FONT face="Times New Roman"
color=#000000 size=3>a) Entry Price: leaving it
at zero will assume that you entered at yesterday's high
<FONT face="Times New Roman"
color=#000000 size=3>b) EDATRFactor; default is
0.75%
<FONT face="Times New Roman"
color=#000000 size=3>c) TSATRFactor: default is
2.50%
<FONT face="Times New Roman"
color=#000000 size=3>d) Buy Day: enter date of
purchase
<FONT face="Times New Roman"
color=#000000 size=3>e) Buy Month: enter month of
purchase
<FONT face="Times New Roman"
color=#000000 size=3>f) Buy Year: enter year of
purchase
<FONT face="Times New Roman"
color=#000000 size=3>
<FONT face="Times New Roman"
color=#000000 size=3>I am sure that this will
give you the general picture; if you wish to define where your 6% stop loss is
calculated from I would be happy to modify the code for you.
<FONT face="Times New Roman"
color=#000000 size=3>
<FONT face="Times New Roman"
color=#000000 size=3>Good
trading,
<FONT face="Times New Roman"
color=#000000 size=3>Mike
<FONT face="Times New Roman"
color=#000000 size=3>
<FONT face="Times New Roman"
color=#000000 size=3>
<FONT
color=#000000>
<FONT
color=#000000>EntryPrice:= Input("Entry Price?
(leave 0.00 for prior HIGH)",0.00,100000,0.00);<?xml:namespace prefix = o ns =
"urn:schemas-microsoft-com:office:office" />
<FONT
color=#000000>EDATRFactor:= Input("Entry Day ATR
Factor?",0.1,10,0.75);
<FONT
color=#000000>TSATRFactor:= Input("Trailing Stop
ATR Factor?",0.1,20,2.5);
<FONT
color=#000000>BuyDay:= Input("Day of the Month you
bought the share?",1,31,2);
<FONT
color=#000000>BuyMonth:= Input("Month you bought
the share?",1,12,1);
<FONT
color=#000000>BuyYear:= Input("Year you bought the
share?",1999,2020,2004);
<FONT
color=#000000>EntryDay:= DayOfMonth()=BuyDay AND
Month()=BuyMonth AND Year()=BuyYear;
<FONT
color=#000000>EPR:= If(EntryPrice = 0, Ref(H, -1),
EntryPrice);
<FONT
color=#000000>SUDS:= ValueWhen(1, EntryDay, EPR -
EDATRFactor *ATR(10));
<FONT
color=#000000>TS:= Ref(H,-1) - TSATRFactor
*ATR(10);
<FONT face="Times New Roman"
color=#000000 size=3>If(EntryDay, SUDS, HighestSince(1,EntryDay,Max(SUDS,
TS)));
-----Original Message-----From:
nivelles2002be [mailto:bs113282@xxxxxxxxx] Sent: Monday, 16 August
2004 6:45 PMTo: equismetastock@xxxxxxxxxxxxxxxSubject:
[EquisMetaStock Group] Stop loss line in a graph
<BLOCKQUOTE
>Hi,
How it is possible to have in a graph Metastock 7.21 , a STOP LOSS LINE
for a stock: I buy this stock 1/2/2001 foe exemple, My
stop loss to sell is :6% . My problem is to indicate the "" buy date "
in a formula with the stop loss . Thanks for an answer
.
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