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> In the latest issue of Futures Magazine there is an daytrading system
> that Larry Williams explains using %R and a Volatility Stop.
>
> While I know %R, can anyone help me with the Volatility Stop?
> Is he using Chaiken's Volatility or some other use of volatility?
> How do I code the volatility stop?
There are zillions of volatility stops...
for example, if day-to-day volatility is 5%, the stock is at 100, you could place a stop at 2*volatility at 90. If volatility was 2, the stop would be at 96. It is that easy.
You don't know the day to day volatility? Smile. Here some suggestions:
MOV(ROC(C,20,S)); or
MOV((H-V),20,S); or or or...
Regards,
Bodo
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