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Adrian,
Thankyou for your reply and indicator. This is perfect for my needs,
Regards Robert
--- In equismetastock@xxxxxxxxxxxxxxx, "adrian_neave"
<adrian_neave@xxxx> wrote:
> --- In equismetastock@xxxxxxxxxxxxxxx, "robcpettit" <robcpettit@xxxx>
> wrote:
> > Is it possible to draw horizontal lines using an indicator. What Id
> > like to be able to do is, when the close is rising draw a horizontal
> > line say 5 bars wide under that close. When the close is not rising do
> > nothing. I want to be able to draw these lines over the whole history
> > of the chart and not ust at todays value. Basically its a stop loss
> > signal if I can draw lines I can offset a certain percentage from the
> > close. The reason for drawing them over the history of the stock is so
> > I can test past sell signals. Thankyou for any advice
> > Regards Robert
>
> Having looked at the function again I have made a slight adjustment
> which may be closer to what you are looking for:
>
> Time:=Input("Periods",1,21,5);
> Level:=Input("% below low for stop",0.1,5,2);
> LowPrice:=HHV(L,Time);
> Stop:=HHV(LowPrice*(1-Level/100),5);
> Stop;
>
> Regards,
>
> Adrian
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