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Chaloke Simple Trailing Stop for Amibroker (AFL)
Rating:
3 / 5 (Votes 7)
Tags:
amibroker, stop loss
Chaloke Simple Trailing Stop
Indicator / Formula
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_SECTION_BEGIN("Chaloke Simple Trailing Stop");
///// Chaloke Simple Trailing Stop /////
Prd1=Param("ATR Period 1-20",4,1,20,1);//{Default = 4 Because most traders use 5}
Prd2=Param("LookBack Period 1-20",11,1,20,1);//{Default = 11 Because most traders use 10}
//{Green} {Start Long position when Close>Green}
Green=HHV(LLV(L,Prd1)+ATR(Prd1),Prd2);
//{Red} {Stop loss when Close<Red}
RED=LLV(HHV(H,Prd1)-ATR(Prd1),Prd2);
Color=IIf(C>Green ,colorBrightGreen,IIf(C < RED,colorRed,colorBlue));
Plot(Green,"Green",colorBrightGreen,styleLine);
Plot(RED,"Red",colorRed,styleLine);
Plot(C,"Chaloke Simple Trailing Stop System",Color,64);
Plot(LLV(HHV(H,5)-ATR(5),6),"",colorBlack);
Plot(LLV(HHV(H,5)-ATR(5),5),"",colorBlack);
Plot(LLV(HHV(H,5)-ATR(5),4),"",colorBlack);
Plot(LLV(HHV(H,5)-ATR(5),3),"",colorBlack);
_SECTION_END();2 comments
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Hi BALLMDR,
How to use this system?
Regards,
what is this ?