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Correction: HHV of course. /JS
--- In amibroker@xxxxxxxxxxxxxxx, "johanskatt" <j.sundstrom@xxxx>
wrote:
> 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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