Rank: Newbie
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Joined: 3/31/2006(UTC)
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I have just began to use the Trailing Stop Indicator but every time I change the % stop i.e. change the .82 in HHV(C,100)*.82 this change is made to all charts that I have added this indicator too not just the current chart. I am not sure why this is as it doesn't happen with other indicators i.e. I can change RSI 14 to RSI 16 on one chart without affecting other charts.
I use MS 7.22.
Any help would be appreciated.
Trader100
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/9/2004(UTC)
Posts: 107
Location: Salt Lake City, UT
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I believe the HHV(C,100)*.82 is a customer indicator. Correct? When you change the number with-in the indicator it will change it on all the charts. That is a function of custom indicators.
Regards
Doc
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Rank: Advanced Member
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Joined: 1/19/2005(UTC)
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Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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To avoid the global parameter changes, try using user inputs in your custom indicator:
[code:1:269821f7f5]pr:=Input("Percentage",50,200,82)/100;
pds:=Input("Lookback periods",1,260,100);
HHV(C,pds)*pr
[/code:1:269821f7f5]
Also take a look at some of the more sophisticated trailing stops available from MetaStockTools.com.
jose '-)
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/31/2006(UTC)
Posts: 2
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Thanks Jose. That solved my problem.
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