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Trailing Resistance and Support Stops by Sylvain Vervoort
From Sylvain Vervoort's article in this issue, "Trailing Resistance and Support Stops".


Trailing Resistance and Support Stops

{TR&NDS trailing stop from start date: SVE_Trends_Trail_Date}

InpMonth:=Input("Month",1,12,8);
InpDay:=Input("Day",1,31,16);
InpYear:=Input("Year",1800,2050,2004);
InitStop:=Input("Initial Stop Price",0.1,10000,9);
Support:=If(L>=Ref(L,-2) AND Ref(L,-1)>=Ref(L,-2) AND Ref(L,-3)>=Ref(L,-2) AND Ref(L,-4)>= Ref(L,-2),Ref(L,-2), If(L>Ref(H,-1)*1.0013,Ref(H,-1)*0.9945,
If(L>PREV*1.1,PREV*1.05, PREV)));
Entry:= InpYear=Year() AND InpMonth=Month() AND InpDay=DayOfMonth();
StopLong:=ExtFml("AdvancedStop.StopLong", Entry,InitStop,0,
Support-(H-L),0,0,0,0);
StopLong

 

Trailing Resistance and Support Stops
Advanced Trailing Stop (AdvancedStop.dll) aviable at: http://www.tradernexus.com/advancedstop/advancedstop.html

-Sylvain Vervoort
sve.vervoort[at]scarlet.be
http://stocata.org
Source / From: TOP
http://www.traders.com  

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