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Try something like this:
===================================
Initial Stop - Date & Price inputs
===================================
---8<-----------------------------------
{ Initial Stop based on Date & price inputs.
http://www.metastocktools.com }
{ User inputs }
price1:=Input("Purchase Price",0,100000,2);
day:=Input("start Day",1,31,1);
mnth:=Input("start Month",1,12,1);
yr:=Input("start Year",1800,2200,2007);
multi:=Input("ATR Multiple",0,10,3);
pds:=Input("ATR Periods",1,2520,14);
{ Date signal }
start:=Year()>yr
OR (Year()=yr AND (Month()>mnth
OR Month()=mnth AND DayOfMonth()>=day));
date:=start AND Alert(start=0,2);
{ Restrict out of range date signal to chart }
date:=If(LastValue(Cum(date))>0,date,
Cum(1)=LastValue(Cum(1)));
{ Restrict price to entry day's range }
price1:=Min(Max(price1,L),H);
{ Initial stop }
initStop:=
ValueWhen(1,date,price1-ATR(pds)*multi);
{ Plot on price chart }
initStop
---8<-----------------------------------
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "nic_cantatore" <ncantatore@xxx>
wrote:
>
> 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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