Req AFL CODE FOR ATR BASED STOPLOSS IN METASTOCK

#1
Hi friends

Saw this metastock code

can somebody help me to get it as afl,please
purpose
I just like to see if ms code is any better than my existing stoploss code.

of course,I already have a stoploss code in the lines of jimberg.
see it at the end of this post

HTML:
Can someone help me in converting the following Metastock code to
 Amibroker AFL

 A:=2.5*ATR(5) ; TL:=C-A; TS:=C+A;
 ln:=if(C> =PREV,Max( TL,PREV), TL);
 SH:=if(C< =PREV,Min( TS,PREV), TS);
 U:=Cross(C,Ref( SH,-1));
 D:=Cross(Ref( ln,-1),C) ;
 I:=Cum(IsDefined( I+D))=1;
 R:=BarsSince( I+U)<BarsSinc e(I+D);
 if(R,ValueWhen( 1,1,ln),ValueWhen(1,1,SH) );
HTML:
//afl code is on these lines-incomplete
A=2.5*ATR(5);
TL =(C-A);
TS = (C+A);
PREV = GOD KNOWS!!!!!!!


ln = IIf(C> =PREV,Max( TL,PREV), TL);//LONG
SH = IIf(C< =PREV,Min( TS,PREV), TS);//SHORT
U = Cross(C,Ref( SH,-1));
D = Cross(Ref( ln,-1),C) ;


I=Cum(IsDefined( I+D))=1;
 R=BarsSince( I+U)<BarsSinc e(I+D);
 if(R,ValueWhen( 1,1,ln),ValueWhe n(1,1,SH) );
//ABOVE CODE INCOMPLETE-YET TO PREPARE- DONT TRY TO USE IT
-------------------------------------------------

//mystoplosscode

SetChartBkColor(64);
BARCOLOR =IIf(C>O,colorGreen,colorRed);
Plot(C,"C",BARCOLOR,styleBar);
TrailStop25 = HHV( C - 2.5 * ATR(5), 15 );
STOPCOL= IIf(C>TrailStop25,colorBlue,colorCustom12);
Plot( TrailStop25, "Trailing stop2.5", STOPCOL, styleLine );
Plot(L,"LOW OF EACH BAR",colorViolet,styleDashed);
Plot(H,"HIGH OF EACH BAR",colorOrange,styleDashed);
//note for intraday trading use 1.5 factor in place of 2.5
//all the best
=================================

 
Last edited:

KelvinHand

Well-Known Member
#3
For Education Purpose Only,
If other people using it, Trade as your own risk. Repaint don't look for me. Accuracy is not my concern.

PHP:
A=2.5*ATR(5); 
TL=C-A; 
TS=C+A;


_ln=TL;
_SH=TS;
 
for(i=1; i<BarCount; i++)
{
   PrevTL = _ln[i-1];
   if (C[i]>=PrevTL)
     _ln[i] = Max(TL[i], PrevTL);
   else
     _ln[i] = TL[i];

   PrevTS = _sh[i-1];
   if (C[i]<=PrevTS)
     _sh[i] = Min(TS[i], PrevTS);
   else
     _sh[i] = TS[i];
}

U=Cross(C,Ref(_sh,-1));
D=Cross(Ref( _ln,-1),C);


I=Cum( !IsNull(I+D))==1;
R=BarsSince(I+U)<BarsSince(I+D);

ATRStop =IIf(R,ValueWhen(1,_ln),ValueWhen(1,_SH) );

Color = IIf(C>ATRStop, colorLime, IIf(C<ATRStop, colorRed, colorDarkYellow));
Plot(ATRStop, "ATRStop", Color, styleThick);
 
Last edited:

hitesh

Active Member
#4
Chaloke Modified ATR SL uses same parameters. AFL as follows:-




_SECTION_BEGIN("chaloke modified atr sl");
///Chaloke Modified ATR Trailing Stop///

Prev=Ref(HHV(H-2.5*ATR(5),10),-BarsSince(C>HHV(H-2.5*ATR(5),10) AND C>Ref(C,-1)));
A=IIf( Cum(1)<16 , C,
IIf( C > HHV(H-2.5*ATR(5),10) AND C > Ref(C,-1),HHV(H-2.5*ATR(5),10),
Prev));


Plot(A,"Chaloke Modified ATR Trailing Stop-Level 4",colorBlack,4);
Color=IIf(C>A,colorBrightGreen,IIf(C<A,colorRed,colorBlack));
Plot(C,"",color,styleCandle);
PlotShapes(shapeDownArrow*Cross(A,C),colorBlue,0,H,Offset=-24);
PlotShapes(shapeUpArrow*( Cross(C,A) ) ,colorYellow,0,L,Offset=-15);


Plot(A,"Chaloke Modified ATR Trailing Stop-Level 4",colorBlack,4);
_SECTION_END();
 

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