[EquisMetaStock Group] Re: To create ATR*1.5 for short

["Jose Silva" <josesilva22@xxxxxxxxx>]

Alwun, your original formula plots a 3 ATR semi-trailing stop.
I would code your trailing stop this way:


================================
Alwun Long & Short trailing stop
================================
---8<----------------------------------

{ Custom ATR Long/Short "trailing stop".
  http://www.metastocktools.com }

{ User inputs }
StDay:=Input("start Day",1,31,1);
StMnth:=Input("start Month",1,12,1);
StYear:=Input("start Year",1800,2200,2006);
multi:=Input("ATR multiplier",0,10,1.5);
pds:=Input("ATR periods",1,252,14);
plot:=Input("Trail stop:  [1]Long,  [2]Short,  [3]Both",1,3,3);

{ Date signal }
start:=Year()>StYear
 OR (Year()=StYear AND (Month()>StMnth
 OR Month()=StMnth AND DayOfMonth()>=StDay));
date:=start AND Alert(start=0,2);

{ Restrict out-of-range date signal to chart }
date:=If(LastValue(Cum(date))>0,date,Cum(1)=1);

{ Long trailing stop }
TSP1:=HighestSince(1,date,H);
TSP2:=TSP1-ATR(pds)*multi;
long:=HighestSince(1,Ref(date,-1),TSP2);

{ Short trailing stop }
TSP1:=LowestSince(1,date,L);
TSP2:=TSP1+ATR(pds)*multi;
short:=LowestSince(1,Ref(date,-1),TSP2);

{ Plot on price chart }
If(plot=1,long,short);
If(plot=2,short,long)

---8<----------------------------------

Note how the date signal will now accept non-trading days.


jose '-)
http://www.metastocktools.com




--- In equismetastock@xxxxxxxxxxxxxxx, Alwin Chuah <ctk188@xxx> wrote:
>
> Hi
>   I have a formula for ATR *1.5 for long. 
>   Below is the formula
>    
>   Pday:=Input("Day of Month",1,31,3);
> Pmonth:=Input("Month of Year",1,12,1);
> PYear:=Input("Year",2000,2010,2006);
> Ppercent:=Input("ATR",1.5,5,3);
>   TSP1:=BarsSince(DayOfMonth()=Pday AND Month()=Pmonth AND 
Year()=PYear);
> TSP2:=HighestSince(1,TSP1=0,H);
> TSP3:= TSP2-ATR(14)*Ppercent;
>   HighestSince(1,TSP1=1,TSP3)
>
>   Can you help me in editing it to create ATR *1.5 for short.
>   Thanks
>   Alwun Chuah ( KL,Malaysia)








 
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