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AK, try this indicator:
---8<-----------------
{ http://www.metastocktools.com }
{ User inputs }
pds:=Input("Lookback periods",1,2600,10);
pr:=Input("Stop %",0,100,8);
plot:=Input("Exit: [1]Signals, [2]Stop",
1,2,1);
{ Stop }
Hi:=HHV(C,pds);
stop:=Hi*(1-pr/100);
exit:=Cross(stop,C);
{ Plot signals in own window, stop on chart }
If(plot=1,exit,stop)
---8<-----------------
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, AMTEK KETMA <bullstrend@xxxx>
wrote:
>
> Can any one tell me how to code to achieve the following :
>
> Today's close is less than last highest close by 8%.
> eg.
>
> Day-1 Close = 80
> Day-2 Close = 95
> Day-3 Close = 100
> Day-4 Close = 95
> Day-5 Close = 98
> Day-6 Close = 90 (Want to Sell Here since the close is more than
> 8% less than Day 3)
>
>
> Thanks
>
> AK
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