Andrew,
Greetings.
This is based on the chandlier inthe library. So credit goes to G Muhali.
Use valuewhen to get the start value from your buy signal using barindex.
_SECTION_BEGIN("Chandelier Exit");
YourHold_Buy = BarIndex() - ValueWhen(SwingTrade_Strategy3_Buy, BarIndex(),
1);//Replace <...> with your 'buy' formula
YourHold_Sell = BarIndex() - ValueWhen(SwingTrade_Strategy3_Sell, BarIndex(),
1);
Multiple = 3; //How many ATR's to be allowed below the highest high since
latest "buy" bar
ATRPeriods = 20; //How many periods to use for the ATR
Chandelier_TS_FOR_LONGPOSITIONS = HHV(Close,YourHold_Buy) - (Multiple *
ATR(ATRPeriods)); //Chandelier exit line from highest close
Chandelier_TS_FOR_SHORTPOSITIONS = LLV(Low, YourHold_Sell) + (Multiple *
ATR(ATRPeriods)); //Chanderlier exit from lowest low (used when going short)
Plot(Chandelier_TS_FOR_LONGPOSITIONS, "ChandClose", ParamColor( "ChandClose
Color", colorViolet ), ParamStyle("ChandClose Style") );
Plot(Chandelier_TS_FOR_SHORTPOSITIONS, "ChandLow", ParamColor( "ChandLow
Color", colorAqua ), ParamStyle("ChandLow Style") );
"YourHold_Buy is "+YourHold_Buy;
"ATR20 IS "+ATR(20);
"hhv_buyhold is "+HHV(Close,YourHold_Buy);
_SECTION_END();///////
Cheers,Padhu
----- Original Message -----
From: amickan1958
To: [email protected]
Sent: Thursday, November 22, 2007 1:39 AM
Subject: [amibroker] Plot ATR trailing stop which only increases
Hi,
I've been trying to crack this one but can't seem to. What I need is a
plot of my trailing stop. The stop is based on a multiplier of todays
ATR(30) value. This stop only ever increase.
Can anyone help me out with some code please?
Thanks
Andrew
