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Bear Range Trailing Stop by Leon Wilson
Code for MetaStock was already included in a sidebar to Leon Wilson's article
in this issue, "Profit Locking And The Relative Price Channel." Here is the code as written by Leon Wilson:

Bear Range Trailing Stop

Dy:=Input("Day of Trend",1,31,19);
Mn:=Input("Month of Trend",1,12,12);
Yr:=Input("Year of Trend",2000,2500,2003);

Value1:=Input("Bearish Periods",3,55,21);
Value2:=Input("Multiplication Factor",1,10,3.2);
Value3:=Input("Initial Stop",0,100000,10);

Value4:= 34;{Channel Periods}
Value5:= 75;{OverBought Region}

HoldingDays:= BarsSince(Dy=DayOfMonth()
AND Mn=Month() AND Yr=Year());

OB:=Index -Value5;
Bullish:= CLOSE-(CLOSE*(OB/100));


If(Stop>PREV AND Stop>Value3,Stop,If(Stop>PREV
AND Stop < Value3,Value3,If(Stop<=PREV,PREV,Stop



Bear Range Trailing Stop by Leon Wilson
Code for MetaStock:
-- by Leon Wilson


Source / From: TOP


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