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Would someone care to comment on this Book. I am considering purchasing It.
Regards
Jerry
> -----Original Message-----
> From: Barry Silberman [mailto:barry@xxxxxxxxxxxxxxxxxxxxx]
> Sent: Sunday, May 05, 2002 8:34 AM
> To: omega-list@xxxxxxxxxx
> Subject: RE: Alexander Elder's "SafeZone Stop"
>
>
> To List:
>
> Many thanks to those who worked to improve my initial code
> for Alexander
> Elder's "SafeZone Stop".
>
> The version below is a combination of the code John Lynch
> provided to me
> privately for testing (which he has approved for posting to
> the list) and
> some neat additions from Eric Svendesen, which he previously
> provided to the
> list. The array formula below gives identical results to
> the "LONG" way of
> doing it.
>
> Regards,
>
> Barry Silberman
>
>
> ==============================================================
> ==============
> ==
> { Barry Silberman's version of Alexander Elder's "SafeZone
> Stop" from book
> "Come Into My Trading Room" page 173
> Amended by John Lynch 5/1 for array and
> Amended by Eric Svendsen's 5/3 for Coloured Stop and trend variable}
>
> inputs: Price((H+L)/2 ), Length( 22), MULTIPLELONG(1),
> MULTIPLESHORT(1),
> Lookback(15), trend(3), ColourShort(Red), ColourLong(Blue);
>
> variables: MA(0), LONGSUM(0), SHORTSUM(0) , COUNTLONG(0),
> COUNTSHORT(0),
> AVGLOW(0),
> AVGHIGH(0), LONGSTOP(0), SHORTSTOP(0), LSTOP(0),
> SSTOP(0), ii(0);
>
> Arrays: Lday[30](0), Sday[30](0);
>
> {determine trend by slope of EMA}
> MA = xaverage( Price, Length );
>
> CONDITION1 = MA > MA[trend];
> CONDITION2 = MA < MA[trend];
>
> {SafeZone for Longs}
> IF CONDITION1 THEN For ii=1 to Lookback Begin
> Lday[ii]=IFF(L[ii]>L[ii-1],L[ii]-L[ii-1],0);
> End;
>
> {TOTAL ALL VALUES OF LOWS BEING LOWER THAN PRIOR LOW}
> Longsum=0;
> For ii=1 to Lookback Begin
> LONGSUM =LONGSUM + Lday[ii];
> End;
>
> {COUNT NUMBER OF DAYS WITH LOWS BEING LOWER THAN PRIOR LOW}
> COUNTLONG = 0;
> For ii=1 to Lookback Begin
> COUNTLONG = COUNTLONG + IFF(Lday[ii]>0,1,0);
> End;
>
> {GET AVERAGE OF LOWS LOWER THAN PRIOR LOW}
> IF COUNTLONG <> 0 THEN
> AVGLOW = LONGSUM / COUNTLONG;
>
> {CALCULATE STOP AT "X" TIMES AVGLOW}
> LSTOP = LOW[1] - (MULTIPLELONG * AVGLOW[1]);
>
> {PREVENT STOP FROM BEING LOWERED}
> LONGSTOP = MAXLIST(LSTOP, LSTOP[1], LSTOP[2], LSTOP[3],
> LSTOP[4], LSTOP[5]);
>
> {SET PLOT}
> IF CONDITION1 THEN
> PLOT1(LONGSTOP, "STOP", ColourLong);
>
>
> {SafeZone for SHORTS}
> IF CONDITION2 THEN For ii=1 to Lookback Begin
> Sday[ii]=IFF(H[ii]<H[ii-1],H[ii-1]-H[ii],0);
> End;
>
> {TOTAL ALL VALUES OF HIGHS BEING HIGHER THAN PRIOR HIGH}
> Shortsum=0;
> For ii=1 to Lookback Begin
> SHORTSUM =SHORTSUM + Sday[ii];
> End;
>
> {COUNT NUMBER OF DAYS WITH HIGHS BEING HIGHER THAN PRIOR HIGH}
> COUNTSHORT = 0;
> For ii=1 to Lookback Begin
> COUNTSHORT = COUNTSHORT + IFF(Sday[ii]>0,1,0);
> End;
>
> {GET AVERAGE OF HIGHS HIGHER THAN PRIOR HIGH}
> IF COUNTSHORT <> 0 THEN
> AVGHIGH = SHORTSUM / COUNTSHORT;
>
> {CALCULATE STOP AT "X" TIMES AVGHIGH}
> SSTOP = HIGH[1] + (MULTIPLESHORT * AVGHIGH[1]);
>
> {PREVENT STOP FROM RISING}
> SHORTSTOP = MINLIST(SSTOP, SSTOP[1], SSTOP[2], SSTOP[3], SSTOP[4],
> SSTOP[5]);
>
> {SET PLOT}
> IF CONDITION2 THEN
> PLOT1(SHORTSTOP, "STOP", ColourShort);
>
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