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--- 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
Hi Robert,
Not sure if this will help but it what I use, very simple, but then so
am I! It is set for a 5 period as standard.
Time:=Input("Periods",1,21,5);
Level:=Input("% below low for stop",0.1,5,2);
LowPrice:=HHV(L,Time);
Stop:=LowPrice*(1-Level/100);
Stop;
regards,
Adrian
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