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Wallie's 20% Stop Loss Indicator
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From: Norman Walsh[SMTP:nwalsh@xxxxxxxxxxx]
Reply To: metastock@xxxxxxxxxxxxx
Sent: 13 March 2000 20:47
To: metastock-list@xxxxxxxxxxxxx
Subject: Stop Loss

Hi

As a new comer to metastock I would like to know how to plot an Indicator 20% below a line chart, as a stop loss. Also how to start it at a specific date.

Thanks in advance.
wallie.

Close - 0.2 * Close
(1 - 0.2)Close
0.8 * Close


=== Stop Loss

· To: "'metastock@xxxxxxxxxxxxx'" <metastock@xxxxxxxxxxxxx>
· Subject: === Stop Loss
· From: "Kolade, Adeniyi" <adeniyi.kolade@xxxxxxxxxxxxxxx>
· Date: Tue, 14 Mar 2000 12:16:51 -0000
· Reply-To: metastock@xxxxxxxxxxxxx
· Sender: owner-metastock@xxxxxxxxxxxxx

Plot Either of these end

Close - 0.2 * Close,
(1 - 0.2)*Close,
0.8 * Close,

In order to get it to start at a specific date say 12/05/1999 in dd/mm/yyyy format (sorry, I live in the uk) use the following syntax for example

(1 - 0.2)*Close
And
(
(Day >= 12 And Month >= 5 And Year = 1999)
Or/And
(Month >= 5 And Year = 1999)
Or/And)
Year >= 2000
)

(Where I have written (Or / And) try either I can't remember which is the right one to use, I think its Or.)

The syntax for date comparisions in Metastock is exasperating and I have mentioned this to Equis Support, with no reply

However, if you do not go through the 'exasperation' that I have writtenabove you will most likely come up with wrong results. It happened to melast thursday, that's why I can tell you.

I'll try and send you the code for what I was doing after lunch or tomorrow

ade Kolade
Synopsys Limited

Tel: +44 (0)0207 250 1990
Fax: +44 (0)0207 553 4713
Email: adeniyi.kolade@xxxxxxxxxxxxxxx
www http://www.synopsys.ltd.uk

[17752]

Re: Stop Loss

· To: metastock@xxxxxxxxxxxxx
· Subject: Re: Stop Loss
· From: "j seed" <jseed_10@xxxxxxxxxxx>
· Date: Tue, 14 Mar 2000 14:57:30 GMT
· Reply-To: metastock@xxxxxxxxxxxxx
· Sender: owner-metastock@xxxxxxxxxxxxx

Wallie,
Pie of cake! First go to the Indicator Builder...click on new...name your new indicator (Wallie's 20% Stop Loss Indicator). Now the hard part...how does your original indicator plot? Is it an oscillator or a simple line study? Oscillators plot above and below a specific point usually zero. Line studies plot price values. If you are willing to accept a value that is 80% of your original indicator value then go to functions and select your indicator (ie. let's use CCI(14)...) Finally, we want a value of 80% so
we'll multiply by .80 . So here's your indicator:

W20SLI

CCI(14) * .80

You may also want to use the other side of the equation by multiplying by 120%; so your indicator would be:

CCI(14) * 1.20

You can plot both lines at the same time in the same indciator by defining them in an indicator as follows:


Wallie's 20% Stop Loss Indicator

MINUS:= CCI(14) * .80;
PLUS:= CCI(14) * 1.20;
MINUS;
PLUS;

 

e-w-Wallies_20_Stop_Loss_Indicator.gif
Okay, we've helped you and now it's your turn to help us! Share the results of what you get!

J.

[17753]

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