RE: [EquisMetaStock Group] Re: Customising line studies Trailing Stops

[Mike Loveday <mike.loveday@xxxxxx>]

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thanks 
Grizz,
<FONT face=Arial 
size=2> 
nice formula! (nice 
C formatting too). it seems to do something odd ocasionally lifting "above" 
the price bars, i will have a closer look at it. thanks also for the 
pointer to the pricechannel function! and the pointer to the formula site, 
there's so much there, will be a very handy reference).

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: grizz003 
  [mailto:grizz002@xxxxxxxxxxxxx]Sent: Wednesday, 30 October 2002 
  2:55 AMTo: equismetastock@xxxxxxxxxxxxxxxSubject: 
  [EquisMetaStock Group] Re: Customising line studies Trailing 
  StopsMike,Here is a nice formula designed 
  expecially for adaptive stops that will maximise profits in a trendy 
  market, {Trailing Stop by Andrzej Herman 
  }strata:=10;      
  If(         
  C=PREV,         
  PREV,         
  If(            
  ((Ref(C,-1)<PREV)AND 
  (C<PREV)),            
  Min(PREV,C*(1+strata/100)),            
  If(               
  (Ref(C,-1)>PREV) AND 
  (C>PREV),               
  Max(PREV,C*(1-strata/100)),               
  If(                  
  C>PREV,                  
  C*(1-strata/100),                  
  C*(1+strata/100)               
  )            
  )         
  )      )Four additional trailing stop 
  formulas are available at:  <A 
  href="http://eis.pl/kr/AFM/e-0-tytulowa-t.html";>http://eis.pl/kr/AFM/e-0-tytulowa-t.htmlGrizz--- 
  In equismetastock@xxxx, Mike Loveday <mike.loveday@xxxx> wrote:> 
  Is it possble in Metastock to write custom formulas for line studies 
  (ie;> this would be a function similar to the 'linear regression' 
  or 'raff reg> channel' in the drawing tools)? Basically i want to 
  write something that> draws a horizontal parallel line 2 or 3 or 5 
  lows below an entry point line> for example (a typical stop loss 
  application). Ideally this should "trail"> as price moves 
  higher/lower.> I found this formula below, but it's an indicator rather 
  than a one-off line> study.. ie; i don't necessarily want to apply 
  it across all the data.> > Stop Loss Indicator> 
  > periodslong:=input("periods if long",1,50,10);> 
  LLV(L,periodslong)+ATR(periodslong);> {stoploss level for long 
  positions}> > > > 
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