Rank: Member
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Joined: 7/17/2009(UTC)
Posts: 14
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hi at all friends metastock
Please is correct this formula atr stop *2
thanks at all
HHV(H - 2*ATR(14),10)
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
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Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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If it works for you then the code is right for what you want it to do.
Personally, I prefer to measure the stop to be the highest value of the expression since the trade was entered; where you are just using a fixed value of ten bars.
To be able to write this will require a lot more code; or you can simply implement Richard Dale's Advanced Stops which have been written about many, many time on the forum. Do a search.
wabbit [:D]
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