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Direct MessagesDate/Time: Fri, 03 May 2024 02:03:57 +0000
Help with creating "Stop Graph" in custom study
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| [2015-12-11 06:01:29] |
| cazeek - Posts: 33 |
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Hello, I apologize in advance that this may be a bit complicated. I am just starting figuring out how to code a study. I need two lines in my chart to indicate where my stops are. The rule is: Once BUY is entered, I will need two lines representing the stop levels: LINE 1: Stop1 (trailing, recalculated daily): Maximum(ClosePrices(tradedate -> today)) - 4 x Average True Range Stop2 (fixed): Open Price - 3 x Average True Range I want first line graphed to show whichever is greater, Stop1 or Stop2. This line will be a stop that is 3 ATRs below the open price of the BUY date. Once the close price - 4 ATRs is greater, the stop will move up with the value of that. One other condition is I don't ever want the Stop price to move down. So if ATR spikes and causes close price - 4 ATRs to be lower than the day before, I want to use the prior highest stop. Essentially, I just want a fixed stop that eventually turns into a trailing stop. The second line will be a little different, but if you can help me with this one, I will be able to figure it out. Thanks so much |
| [2015-12-11 17:41:32] |
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This question is not within the scope of Sierra Chart support. We can only refer you to the custom programming documentation for ACSIL and Spreadsheets here: Advanced Custom Study Interface and Language (ACSIL) https://www.sierrachart.com/index.php?page=doc/doc_SpreadsheetStudy.html Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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