Here is an example using code adapted from http://metastocktools.co...taStock/TradeSignals.txt : [code:1:0e5153795e]MetaStock -> Tools -> Indicator Builder -> New -> Copy and paste complete formulae between "---8<---" lines. ======================== System trade entry price ======================== ---8<-------------------------- { System trade entry price v2.5 } { ©Copyright 2005 Jose Silva } { For personal use only } { http://www.metastocktools.com } { Note on simultaneous entry/exit on same bar: #1 Ignore: entry/exit signals cancel each other; #2 Preference given to: new entry if currently Short, new exit if currently Long.} { Signals reference example } entry:=C>Mov(C,21,E); exit:=C<Mov(C,10,E); { User inputs } choose:=Input("Simultaneous entry/exit: [1]Ignore, [2]Preference",1,2,2); delay:=Input("Entry and Exit delay",-1,5,0); { Initialize } Init:=Cum(IsDefined(entry+exit))=1; { #1 - Ignore entry/exit on same bar } bin1:=ValueWhen(1,entry-exit<>0 OR Init, entry-exit); long1:=bin1=1 AND (Alert(bin1<>1,2) OR Init); { #2 - Preference to first entry/exit } long:=entry AND (Alert(entry=0,2) OR Init); short:=exit AND (Alert(exit=0,2) OR Init); bin2:=ValueWhen(1,long-short<>0 OR Init, long-short); long2:=bin2=1 AND (Alert(bin2<1,2) OR Init); { Select #1 or #2 } entry:=If(choose=1,long1,long2); { Plot in chart window } ValueWhen(1,Ref(entry,-delay),C) ---8<-------------------------- [/code:1:0e5153795e] If the exit references the entry signal, then the MS code would need to use the PREV function. jose '-) http://www.metastocktools.com .