Parabolic stop logic- Improvement?

[kjh129@xxxxxxxxxx]

 Hello Omega-list,

   This logic of the parabolic is supposed to create a "better" parabolic indicator then the stanard one supplied by omega. I tried writing this myself but not able to do so, so if someone is interested might be worth exploring. From what i understand the logic is supplied from the one that comes from Ensign. If anyone can create the code for this, i would appreciate it. 


Parabolic stop logic
Parameters
Max - Acceleration Maximum. This limits the acceleration of the stop 
value towards the market price (usually 20).
Acc - This value is added to the acceleration factor each period (usually 
2). This increases the acceleration.

Parabolic Stop Calculations
InitialStop = High (when long) or Low (when short)
Parabolic Stop = PreviousStop + (Acceleration Factor * (InitialStop 
-PreviousStop))

Acceleration Factor = Previous Acceleration 
Factor + Acc (until Acceleration Factor = Acceleration Maximum)

Regards,
 KJH