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[EquisMetaStock Group] Re: Indicator Code for Fixed ATR Initial Stop



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Ok thanks Jose, I will try that.

Cheers

--- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" 
<josesilva22@xxx> wrote:
>
> 
> 
> 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@>
> 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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