Help to draw a line under the price as a kind of visual stoploss line

• 09/02/2019 at 3:23 PM #106238
  Tradeplan

  Hello everyone.

  First of all, thanks for a great forum. I’ve been snooping around the last month looking at different post, and I really like the tone in the post.

  I have studied Technical Analysis for the past two years, when time was for it (yep, got small kids) and been trying different platforms. But it’s difficult to find a platform supporting Nordic stocks. I’m a novice regarding trading/investing and coding. I see myself as patient 😉 though I must admit that I’m stuck.

  I’ve read through the forum and programming guide, but my skills are not sufficient enough :/

  The code I would like help to converted is as follows:

  (Metastock non-logical language)

  Lower line = If(LinearReg(C,13)>PREV,If(LinearReg(C,13)-(ATR(13)*2.5)>PREV,LinearReg(C,13)-(ATR(13)*2.5),PREV),LinearReg(C,13));

  This is supposed to draw a line under the price as a kind of visual stoploss line, but not trigger the stoploss function (only as a visual guidance).

  I think the solution lies within page 17 in the probuilder guide (Bar index example), I just can’t figure it out :/

  Thanks in advance!

  /Tradeplan

  

  Tradeplan

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  09/02/2019 at 4:06 PM #106243
  Nicolas

  Hi TradePlan, thanks for your good feedback about what happens here 🙂

  I changed the topic title, please try to write something relevant regarding the discussion next time, otherwise we’ll get hundreds of “help with probuilder” topics.. 🙄

  Your stoploss line code from Metastock could be translated as follow:

  //Lower line = If(LinearReg(C,13)>PREV,If(LinearReg(C,13)-(ATR(13)*2.5)>PREV,LinearReg(C,13)-(ATR(13)*2.5),PREV),LinearReg(C,13)); lr = LinearRegression[13](close) i=lr-averagetruerange[13]*2.5 if lr>lowerline[1] then if i>lowerline[1] then lowerline=i else lowerline=lowerline[1] endif else lowerline=lr endif return lowerline

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  //Lower line = If(LinearReg(C,13)>PREV,If(LinearReg(C,13)-(ATR(13)*2.5)>PREV,LinearReg(C,13)-(ATR(13)*2.5),PREV),LinearReg(C,13));   lr = LinearRegression[13](close) i=lr-averagetruerange[13]*2.5   if lr>lowerline[1] then if i>lowerline[1] then lowerline=i else lowerline=lowerline[1] endif else lowerline=lr endif   return lowerline

  I have nothing to compare with, but it should do the trick. This SL line is only for long order as it seems.

  1 user thanked author for this post.

  Tradeplan

  

  Nicolas

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  09/03/2019 at 8:07 AM #106312
  Tradeplan

  Thank you very much Nicolas for the quick reply! It works perfect!

  I’ve taken notice regarding the headline suggestion 😉

  Thanks again.

  

  Tradeplan

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