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Hi All,
Consider the following for the safezone stop:
B=Low;
B1=Ref(L,-1);
Y=IIf(B<B1,B1-B,0);
Y1=Sum(Y,22);
Y2=IIf(B<B1,1,0);
Y3=Sum(Y2,22);
Y4=Y1/Y3;
Y5=B1-(2*Y4);
Y6=Ref(Y5,-1);
Y7=Max(Y5,Y6);
Graph2=Y7;
Graph2Style=1+4;
Graph2Color=9;
Is there anyway to refine the formula to prevent it from lowering
stops in an uptrend? I.e If the formula tells us to lower the stop,
it simply leaves it at the previous day's level.
Thanks for the help
Russ
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