Volatility Stop Loss /need code from Metasa to Amibroker/

[huss1652]

I was thinking something along these lines. Sample formula could be found here...http://www.amibroker.com/kb/2007/03/24/how-to-plot-a-trailing-stop-in-the-price-chart/

 

[cbosein]

Hi,
Good one
Keerthi

I was thinking something along these lines. Sample formula could be found here...http://www.amibroker.com/kb/2007/03/24/how-to-plot-a-trailing-stop-in-the-price-chart/

 

[huss1652]

Can anyone come up with the code for both long and short trailing stops? Have them flip from side to side?

 

[kbhandge]

I want to change in formula if buy Bar color is green and if sell bar color is red.

_SECTION_BEGIN("Ensign Volatility Stop");

// Ensign Volatility Stop
// get the multiple of 9 period EMA of ATR_Ensign
k=Param("multiplication factor", 1,0.5,5,0.1);

period=k*9;
VS_raw = 2.5 * EMA(ATR(1), period);

// for longs, VS line is below price
loline = VS_below_price = HHV(Close, period) - VS_raw;

// for shorts, VS line is above price
hiline = VS_above_price = LLV(Close, period) + VS_raw;
between = IIf (C < hiline AND C > loline, 1, 0);
up = IIf(C > hiline OR (H > Ref(H, -1) AND H > hiline), 1, 0);
dn = IIf(C < loline OR (L < Ref(L, -1) AND L < loline), 1, 0);
upcond = IIf(between AND BarsSince(up) < BarsSince(dn) , 1, 0);
dncond = IIf(between AND BarsSince(dn) < BarsSince(up) , 1, 0);
upline = IIf(up OR upcond, loline, Null);
dnline = IIf(dn OR dncond, hiline, Null);

Plot(C, "", colorLightGrey, styleBar);
Plot(upline, "", colorBlack, styleStaircase) ;
Plot(dnline, "", colorBlack, styleStaircase) ;

Buy=upline;
Sell=dnline;
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);

PlotShapes(Buy*shapeUpArrow,colorGreen);
PlotShapes(Sell*shapeDownArrow,colorRed);