Reset Trailing Stop - BullCharts

Author

Message

/ View First Unread Post

Share Topic

Topic Search

Topic Options

kmuntz

Newbie

Joined: 07 Jan 2007
Location: Australia
Posts: 4

Post Options

Post Reply

Quote kmuntz

Report Post

Quote

Topic: Reset Trailing Stop
Posted: 23 Dec 2009 at 3:28pm

I only just discovered this reply - many thanks it works well. I was having trouble coming to grips with the "prev" function at the time

maximo

BullCharts Guru

Joined: 02 Sep 2006
Location: Australia
Posts: 232

Post Options

Post Reply

Quote maximo

Report Post

Quote

Posted: 06 Dec 2009 at 6:03pm

A simple more efficient version.

Mult:=Input("ATR Multiplier",2,1);

Nb:=Input("Nb Periods",14,1);

HH := Close-Mult*ATR(Nb);

[target=price; color=black; linestyle=solid;]

if(HH<prev and close>prev,prev,HH);

Edited by maximo - 10 Dec 2009 at 2:33am

maximo

BullCharts Guru

Joined: 02 Sep 2006
Location: Australia
Posts: 232

Post Options

Post Reply

Quote maximo

Report Post

Quote

Posted: 22 Sep 2009 at 11:59pm

Hi kmuntz and welcome to the Forum. I have modified it to do that, though left the previous non retreating line in dotted, so both levels are visible. You can simply remove

the last 2 lines of code if you only want the (close < stop value) line.

[target=price]

TDate:=InputDate("Date of trend", date(2009,2,10));

Value1:=Input("ATR Range X",3,1);

Value2:=Input("ATR Periods",20,3);

HoldingDays:=BarsSince(OnOrSkipped(TDate));

Stop:=CLOSE-(Value1*ATR(Value2));

ValueB := If(Stop>PREV(undefined),Stop,If(Stop<=PREV(undefined),PREV(undefined),Stop*Holdingdays));

if(Close<ValueB or LLV(C,2)<ValueB,LLV(Stop,8),ValueB);

[linestyle=dotted]

ValueB;

Edited by maximo - 23 Sep 2009 at 11:55am

kmuntz

Newbie

Joined: 07 Jan 2007
Location: Australia
Posts: 4

Post Options

Post Reply

Quote kmuntz

Report Post

Quote

Posted: 22 Sep 2009 at 9:28pm

I am using the BullCharts indicator ATR Inital Stop (by Leon Wilson). This stop is a specified number of ATRs below the close. It can only rise, not fall ie. if today's calculation is less than the previous calculation then the previous calculation is used. I would like to modify this indicator so that when the stop is hit (close < stop value) the indicator resets - it recalculates to today's value. In other words it's as if the start date starts from the day the stop was hit. Does anyone have any idea how to do this in BullScript?

Here is the code (slightly simplified) that I want to modify:
TDate:=InputDate("Date of trend", date(2004,6,25));
Value1:=Input("ATR Range X",4.5,1);
Value2:=Input("ATR Periods",20,3);

HoldingDays:=BarsSince(OnOrSkipped(TDate));
Stop:=CLOSE-(Value1*ATR(Value2));
ValueB := If(Stop>PREV(undefined),Stop,If(Stop<=PREV(undefined),PREV(undefined),Stop*Holdingdays));

Author	Message / View First Unread Post Share Topic Printable Version Delicious Digg Facebook Furl Google Boomarks Google Buzz MySpace Newsvine reddit StumbleUpon Translate Twitter Windows Live Yahoo Bookmarks Topic Search Topic Options Post Reply Create New Topic
kmuntz Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 07 Jan 2007 Location: Australia Posts: 4	Post Options Post Reply Quote kmuntz Report Post Quote Reply Topic: Reset Trailing Stop Posted: 23 Dec 2009 at 3:28pm
	I only just discovered this reply - many thanks it works well. I was having trouble coming to grips with the "prev" function at the time

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 06 Dec 2009 at 6:03pm
	A simple more efficient version. Mult:=Input("ATR Multiplier",2,1); Nb:=Input("Nb Periods",14,1); HH := Close-Mult*ATR(Nb); [target=price; color=black; linestyle=solid;] if(HH<prev and close>prev,prev,HH); Edited by maximo - 10 Dec 2009 at 2:33am

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 22 Sep 2009 at 11:59pm
	Hi kmuntz and welcome to the Forum. I have modified it to do that, though left the previous non retreating line in dotted, so both levels are visible. You can simply remove the last 2 lines of code if you only want the (close < stop value) line. [target=price] TDate:=InputDate("Date of trend", date(2009,2,10)); Value1:=Input("ATR Range X",3,1); Value2:=Input("ATR Periods",20,3); HoldingDays:=BarsSince(OnOrSkipped(TDate)); Stop:=CLOSE-(Value1ATR(Value2)); ValueB := If(Stop>PREV(undefined),Stop,If(Stop<=PREV(undefined),PREV(undefined),StopHoldingdays)); if(Close<ValueB or LLV(C,2)<ValueB,LLV(Stop,8),ValueB); [linestyle=dotted] ValueB; Edited by maximo - 23 Sep 2009 at 11:55am

kmuntz Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 07 Jan 2007 Location: Australia Posts: 4	Post Options Post Reply Quote kmuntz Report Post Quote Reply Posted: 22 Sep 2009 at 9:28pm
	I am using the BullCharts indicator ATR Inital Stop (by Leon Wilson). This stop is a specified number of ATRs below the close. It can only rise, not fall ie. if today's calculation is less than the previous calculation then the previous calculation is used. I would like to modify this indicator so that when the stop is hit (close < stop value) the indicator resets - it recalculates to today's value. In other words it's as if the start date starts from the day the stop was hit. Does anyone have any idea how to do this in BullScript? Here is the code (slightly simplified) that I want to modify: TDate:=InputDate("Date of trend", date(2004,6,25)); Value1:=Input("ATR Range X",4.5,1); Value2:=Input("ATR Periods",20,3); HoldingDays:=BarsSince(OnOrSkipped(TDate)); Stop:=CLOSE-(Value1ATR(Value2)); ValueB := If(Stop>PREV(undefined),Stop,If(Stop<=PREV(undefined),PREV(undefined),StopHoldingdays));