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Thanks.
--- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva"
<josesilva22@xxxx> wrote:
>
> Becky, for your System Tester you can simply reference the
trailing
> stop indicator's in-built crossover signals:
>
> ---8<-------------------
>
> x:==FmlVar("Trailing Stop - ATR Chandelier Exit",
> "SIGNALS");
>
> Long:== x==1;
> Short:== x==-1;
>
> ---8<-------------------
>
>
> And here is an update to the ATR Chandelier trailing stop:
>
> =====================================================================> Trailing Stop - ATR Chandelier Exit
> =====================================================================> ---8<-------------------------------------
>
> { Trailing Stop - ATR Chandelier Exit v3.0 }
> { Long (+1) & Short (-1) trigger signals at
> Close crossover of user-defined trailing stops}
>
> { ©Copyright 2003~2005 Jose Silva
> The grant of this license is for personal use
> only - no resale or repackaging allowed.
> All code remains the property of Jose Silva.
> http://www.metastocktools.com }
>
> { User Inputs }
> multi:==Input("ATR multiplier",0,10,2.5);
> pds:==Input("ATR periods",1,252,10);
> pds1:==Input("ATR lookback periods",1,252,21);
> plot:==Input("[1]Trailing Stop, [2]Long+Short, [3]Signals",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);
>
> { Trailing Stops }
> StLong:==HHV(C-multi*Mov(ATR(1),pds,E),pds1);
> StShort:==LLV(C+multi*Mov(ATR(1),pds,E),pds1);
> stopLong:==If(C<PREV,StLong,Max(StLong,PREV));
> stopShort:==If(C>PREV,StShort,Min(StShort,PREV));
>
> { Trade flags/signals }
> In:==Cross(C,Ref(stopShort,-1));
> Out:==Cross(Ref(stopLong,-1),C);
> Init:==Cum(IsDefined(In+Out))==1;
> x:==ValueWhen(1,In-Out<>0 OR Init,In-Out);
> long:==x==1 AND (Alert(x<>1,2) OR Init);
> short:==x==-1 AND (Alert(x<>-1,2) OR Init);
> signals:==long-short;
> flag:==ValueWhen(1,signals<>0 OR Init,signals);
>
> { Switch between Long/Short stops }
> stop:==Ref(If(flag==1,stopLong,stopShort),-1+adv);
>
> { Plot in price chart }
> 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 '-)
> http://www.metastocktools.com
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, becky matsantonis
<jmatsas@xxxx
> > wrote:
> >
> > Jose Hi,
> >
> > After some recent e-mail traffic, I d/l and use your ATR
Chandelier
> > Exit v2.0 from the Metastocktools site and plot it as an
indicator.
> > It works great.
> >
> > Now, if I want to use this concept in the system tester, what
will
> > be the formula for a Buy order if I want to buy when the current
> > stock price goes above the Chandelier line (long at +1), and sell
> > when it goes below (sell at -1)?
> >
> > Thanks in advance.
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