Here is the code from the sidebar "Volatility entry advisor for
MetaStock" that appeared in the February 2005 article "The Truth About
Volatility" by Jim Berg.
VOLATILITY ENTRY ADVISOR
C>(LLV(L,20)+2*ATR(10))
C<(HHV(H,20)+2*ATR(10))
TOOLS, EXPERT ADVISOR, NEW, ENTER NAME, HIGHLIGHTS, NEW, NAME(BUY),
TYPE IN CONDITION(FORMULA), OK, NEW, COLOR(RED), NAME(SELL),
TYPE IN CONDITION(FORMULA), OK
TO APPLY TO CHART: TOOLS, HIGHLIGHT ADVISOR, ATTACH, OK
VOLATILITY TRAILING STOP INDICATOR
C-2*ATR(10)
TOOLS, INDICATOR BUILDER, NEW, ENTER NAME, TYPE IN FORMULA, OK
TO APPLY TO CHART: CHOOSE FROM QUICK LIST, DRAG AND DROP OVER CHART
TRAILING STOP P15
HHV(P,15)
THE VOLATILITY TRAILING STOP INDICATOR(ABOVE) OFTEN HAS FALLING
VALUES AND YOU MIGHT NOT WANT TO LOWER YOUR STOP. THE TRAILING
STOP P15 INDICATOR WILL MAINTAIN THE STOP AT THE HIGHEST VALUE
OVER THE PAST 15 DAYS.
TOOLS, INDICATOR BUILDER, NEW, ENTER NAME, ENTER HHV(P,15) IN
FORMULA WINDOW, OK
TO APPLY TO CHART: CHOOSE FROM QUICK LIST, DRAG AND DROP OVER
VOLATILITY TRAILING STOP INDICATOR LINE
Combine ATR stop with P15:
HHV(C - 2*ATR(10),15)
VOLATILITY PROFIT INDICATOR
Mov(H,13,E)+2*ATR(10)
TOOLS, INDICATOR BUILDER, NEW, ENTER NAME, TYPE IN FORMULA, OK
TO APPLY TO CHART: CHOOSE FROM QUICK LIST, DRAG AND DROP OVER CHART
-Jim Berg
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