Is it possible to draw horizontal lines using an indicator. What Id like to be able to do is, when the close is rising draw a horizontal line say 5 bars wide under that close. When the close is not rising do nothing. I want to be able to draw these lines over the whole history of the chart and not ust at todays value. Basically its a stop loss signal if I can draw lines I can offset a certain percentage from the close. The reason for drawing them over the history of the stock is so I can test past sell signals. Thankyou for any advice Regards Robert

Patrick, Thanlyou for your reply. Yes, see what you meen. Still learning metastock so this hadnt occured to me. Great indicator though. Have to play with it. Ive written and indicator that gives me buy signals, Im geussing that I could use this as a basis for resetting the horizontal line. Im thinking along the lines of using 'if' buy signal given then plot lines. if I had several buy signals would I be able to have several lines. Regards Robert

Try this : PercentageValue:=0.05;{this represents 5%} BuyCondition:= Mov(C,5,S)>Ref(Mov(C,5,S),-1) AND Ref(Mov(C,5,S),-1)<Ref(Mov(C,5,S),-2) AND C>Ref(C,-1) AND Ref(C,-5)< Ref(C,-6) AND (C - Ref(C,-1))>(Ref(C,-6)-Ref(C,-5)) AND (C - Ref(C,-5))>(Ref(C,-6)-Ref(C,-5)); HorizontalLine:=if(BuyCondition,C*(1+PercentageValue), If(Roc(C,1,$)>0,Max(C*(1+PercentageValue),Prev),Prev)); HorizontalLine

Thank you oz_pdt_01o