[EquisMetaStock Group] Indicator Code for Fixed ATR Initial Stop

["nic_cantatore" <ncantatore@xxxxxxxxxxxx>]

Hi,

I have been trying to create an indicator for a fixed intial stop.

Long trades: for example I want my initial fixed stop to be 3 times ATR
(10) below from my entry price given the entry price and date and to 
have this as a indicator line going across to the right on my chart in 
a straight line. I do not want to trail the stop, only to use this 
indicator as the initial fixed stop. 

Below is the code I have tried and it does not work. Any assistance 
would be appreciated.

Day := Input("Day of Month" ,1,31,15);
Month := Input("Month" ,1,12,8);
Year := Input("Year",1990,2100,2007);
ATR := Input("ATR Multiple",.1,5,3);
entry:= Input("Purchase Price", 0,9999,1.00);
initialstop :=entry - ATR*ATR(10);

Cheers
NicC



 
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