Re: Stop Indicator

[Bob Fulks <bfulks@xxxxxxxxxxxx>]

At 11:47 AM -0400 7/27/01, mkittelson wrote:

>var: LngStp(0)
>
>If MarketPosition = 1 then LngStp = Average(close,50);	
>If MarketPosition = 1 and Close >= EntryPrice + (StdDev(close, 50) * 2) then
>   LngStp = Average(close,40);
>
>Any suggestions? Thanks in advance.

You can use the I_AveEntryPrice and I_MarketPosition functions.

I would also pull out the Average functions so that they calculate on every bar:

Var: LngStp(0), Ave1(0), Ave2(0);

Ave1 = Average(close, 50);
Ave2 = Average(close, 40);

if I_MarketPosition = 1 then 	
   if Close >= I_AveEntryPrice + (StdDev(close, 50) * 2)
      then LngStp = Ave2
      else LngStp = Ave1;

Bob Fulks