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I'm not sure if this is about right or not but I think that it is. You have
to enter the price of your stop which is the input CurntStop. Also, I use a
function called AV for absolute value you can just type in absolute value
where it says AV. Here is the code for TS 4.0.
Prosper
Inputs: CurntStp(0);
Vars: vol3(0), vol5(0), vol8(0), IncreaseInVol(0),
PctIncrease(0),NewStop(0), DecreaseInVol(0), PctDecrease(0);
Vol3 = Volatility(3);
Vol5 = Volatility(5);
Vol8 = Iff(Volatility(8)>0,Volatility(8),1);
If currentbar>9 then begin
IncreaseInVol = Vol3 - Vol8;
PctIncrease = IncreaseInVol / Vol8;
If Vol3 Crosses Above Vol5 And
Vol3 > Vol8 Then
NewStop = CurntStp - (AV(C-CurntStp) * PctIncrease);
DecreaseInVol = Vol8 - Vol3;
PctDecrease = DecreaseInVol / Vol8;
If Vol3 Crosses Below Vol5 And
Vol3 < Vol8 Then
NewStop = CurntStp + (AV(C-CurntStp) * PctDecrease);
Plot1(NewStop,"NewStop");
end
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