BullCharts : Reset Trailing Stop

Reset Trailing Stop : I only just discovered this reply...

Wed, 23 Dec 2009 15:28:14 +0000

Author: kmuntz
Subject: 579
Posted: 23 Dec 2009 at 3:28pm

I only just discovered this reply - many thanks it works well. I was having trouble coming to grips with the "prev" function at the time

Reset Trailing Stop : A simple more efficient version....

Sun, 06 Dec 2009 18:03:04 +0000

Author: maximo
Subject: 579
Posted: 06 Dec 2009 at 6:03pm

A simple more efficient version.

Mult:=Input("ATR Multiplier",2,1);

Nb:=Input("Nb Periods",14,1);

HH := Close-Mult*ATR(Nb);

[target=price; color=black; linestyle=solid;]

if(HH<prev and close>prev,prev,HH);

Edited by maximo - 10 Dec 2009 at 2:33am

Reset Trailing Stop : Hi kmuntz and welcome to the Forum....

Tue, 22 Sep 2009 23:59:20 +0000

Author: maximo
Subject: 579
Posted: 22 Sep 2009 at 11:59pm

Hi kmuntz and welcome to the Forum. I have modified it to do that, though left the previous non retreating line in dotted, so both levels are visible. You can simply remove

the last 2 lines of code if you only want the (close < stop value) line.

[target=price]

TDate:=InputDate("Date of trend", date(2009,2,10));

Value1:=Input("ATR Range X",3,1);

Value2:=Input("ATR Periods",20,3);

HoldingDays:=BarsSince(OnOrSkipped(TDate));

Stop:=CLOSE-(Value1*ATR(Value2));

ValueB := If(Stop>PREV(undefined),Stop,If(Stop<=PREV(undefined),PREV(undefined),Stop*Holdingdays));

if(Closeor LLV(C,2)LLV(Stop,8),ValueB);

[linestyle=dotted]

ValueB;

Edited by maximo - 23 Sep 2009 at 11:55am

Reset Trailing Stop : I am using the BullCharts indicator...

Tue, 22 Sep 2009 21:28:10 +0000

Author: kmuntz
Subject: 579
Posted: 22 Sep 2009 at 9:28pm

I am using the BullCharts indicator ATR Inital Stop (by Leon Wilson). This stop is a specified number of ATRs below the close. It can only rise, not fall ie. if today's calculation is less than the previous calculation then the previous calculation is used. I would like to modify this indicator so that when the stop is hit (close < stop value) the indicator resets - it recalculates to today's value. In other words it's as if the start date starts from the day the stop was hit. Does anyone have any idea how to do this in BullScript?

Here is the code (slightly simplified) that I want to modify:
TDate:=InputDate("Date of trend", date(2004,6,25));
Value1:=Input("ATR Range X",4.5,1);
Value2:=Input("ATR Periods",20,3);

HoldingDays:=BarsSince(OnOrSkipped(TDate));
Stop:=CLOSE-(Value1*ATR(Value2));
ValueB := If(Stop>PREV(undefined),Stop,If(Stop<=PREV(undefined),PREV(undefined),Stop*Holdingdays));