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Hi,
Using LLV(Y5,3) will prevent the stop from falling for 3 days. This
is sufficient according to A.Elder himself. From his description of
the safe zone stop: "It will prevent the stop from declining for
three days, by which time either the uptrend resumes or the stop is
hit."
/JS
--- In amibroker@xxxxxxxxxxxxxxx, "russ_shor" <russ_shor@xxxx> wrote:
> 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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