Metastock Indicator Formula |
HIGH or CLOSE less 5/10/15% |
This indicator can work off the HIGH or CLOSE.
A horizontal line is drawn from the highest point on the indicator and used as stop loss. Adjust the % to suit your own requirement |
| Formula: |
Samples
CLOSE - (CLOSE*0.05)
CLOSE - (CLOSE*0.10)
CLOSE - (CLOSE*0.15)
HIGH -(HIGH*0.05) etc |
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