[EquisMetaStock Group] Re: Using "Trailing Stop - Elder's SafeZone"

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Check with Elder's group

http://finance.groups.yahoo.com/group/CIMTR/



--- In equismetastock@xxxxxxxxxxxxxxx, Bob Waits <bobwaits2@xxx> wrote:
> 	
> 	
> 
> I came across this code by Jose Silve on a forum. Any idea on what's the best way to use this indicator? 
> Thanks.-----Dr Alexander Elder's SafeZone trailing stop v2 }{ Triggers: Long (+1) & 
> Short (-1) signals at crossover of user-defined trailing stops }{ ©Copyright 
> 2003 Jose Silva }{ josesilva22@xxx }
> coefficient:=Input("SafeZone coefficient",
> 
>  0,10,2.5);
> 
> bkpds:=Input("Lookback periods",1,252,10);
> 
> pds:=Input("Trend EMA periods",2,252,21);
> 
> adv:=Input("plot:  today's SafeZone=0,  tomorrow's stop=1",0,1,0);
> 
> plot:=Input("plot:  trailing stop=1,  Long+Short=2,  
> signals=3",1,3,1);
> 
> delay:=Input("Entry and Exit signal delay",
> 
>  0,5,0);
> 
> 
> 
> DwSidePen:=Mov(C,pds,E)>Ref(Mov(C,pds,E),-1)
> 
>  AND L<Ref(L,-1);
> 
> DwSideDiff:=If(DwSidePen,Ref(L,-1)-L,0);
> 
> DwPenAvg:=Sum(DwSideDiff,bkpds)
> 
>  /(Sum(DwSidePen,bkpds)+.000001);
> 
> StLong:=Ref(L-DwPenAvg*coefficient,-1);
> 
> StopLong:=If(C<PREV,StLong,Max(StLong,PREV));
> 
> 
> 
> UpSidePen:=Mov(C,pds,E)<Ref(Mov(C,pds,E),-1)
> 
>  AND H>Ref(H,-1);
> 
> UpSideDiff:=If(UpSidePen,H-Ref(H,-1),0);
> 
> UpPenAvg:=Sum(UpSideDiff,bkpds)
> 
>  /(Sum(UpSidePen,bkpds)+.000001);
> 
> StShort:=Ref(H+UpPenAvg*coefficient,-1);
> 
> StopShort:=If(C>PREV,StShort,Min(StShort,PREV));
> 
> 
> 
> In:=Cross(C,Ref(StopShort,-1));
> 
> Out:=Cross(Ref(StopLong,-1),C);
> 
> flag:=BarsSince(Cum(In+Out>-1)=1 OR In)
> 
>  < BarsSince(Cum(In+Out>-1)=1 OR Out)
> 
>  +(Cum(In)=1);
> 
> signals:=Ref((Cum(In)=1
> 
>  AND Alert((Cum(In)=1)=0,2)
> 
>  OR flag AND Alert(flag=0,2))
> 
>   -(flag=0 AND Alert(flag,2)),-delay);
> 
> 
> 
> If(plot=1,Ref(If(flag=1,stopLong,stopShort),
> 
>  -1+adv),If(plot=2,Ref(stopLong,-1+adv),0));
> 
> If(plot=1,Ref(If(flag=1,stopLong,stopShort),
> 
>  -1+adv),If(plot=2,Ref(stopShort,-1+adv),
> 
>  signals))
>




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