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ATR STOP AND REVERSE for Metastock
Rating:
3 / 5 (Votes 2)
Tags:
metastock, stop loss
THIS SHOULD BE USED WITH OTHER B.O. INDICATOR. DO NOT USE ALONE.
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period:=Input("ATR period :",1,100,3);
atrfact:=Input("ATR multiplication :",1,10,2);
HiLo:=If(H-L<1.5*Mov(H-L,period,S),H-L, 1.5*Mov(H-L,period,S));
Href:=If(L<=Ref(H,-1),H-Ref(C,-1),(H-Ref(C,-1))-(L-Ref(H,-1))/2);
Lref:=If(H>=Ref(L,-1),Ref(C,-1)-L,(Ref(C,-1)-L)-(Ref(L,-1)-H)/2);
diff1:=Max(HiLo,Href);
diff2:=Max(diff1,Lref);
atrmod:=Wilders(diff2,period);
loss:=atrfact*atrmod;
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This is not AFL code.
probably for metastock program