has anyone seen code for an easylanguage trailing stop based on pivots. That is the stops move up as each new price pivot is formed?

thanks

Hi,

It is not so difficult to code by using MultiCharts Pivot.

What is exactly your problem?

Nicolas

Envoyé depuis mon GT-I9100 avec Tapatalk

i probably could figure it out but why reinvent the wheel if someone else already has :-)

Nicolas11 

Hi, It is not so difficult to code by using MultiCharts Pivot. What is exactly your problem? Nicolas Envoyé depuis mon GT-I9100 avec Tapatalk

You could play around

 

Code

if MarketPosition = 1 {currently long} then sell next bar at SwingLow(1 {first}, Low, 2 {strength on both left and right sides}, 50 {lookback}) stop;

Nicolas

you shamed me into it. here is the language i came up with that seems to be working just fine. LongPivotStop and ShortPivotStop variables need to be intrabarpersist types when defined in your code.

//Long Stop Language
Condition3 = PivotLowVSBar( 1, Price, LeftStrength, RightStrength, RightStrength + 1 ) <> -1 ;
if marketposition = 0 and condition3 then longpivotstop = Price[LeftStrength];
if marketposition = 1 and condition3 and Price[Leftstrength]>Longpivotstop then LongPivotStop = Price[LeftStrength];
if marketposition = 1 then begin
Sell ( "Pivot LX" ) next bar at LongPivotStop stop;
end;

//Short Stop Language
Condition4 = PivotHighVSBar( 1, Price, LeftStrength, RightStrength, RightStrength + 1 ) <> -1 ;
if marketposition = 0 and condition4 then shortpivotstop = Price[LeftStrength];
if marketposition = -1 and condition4 and Price[Leftstrength]<shortpivotstop then shortPivotStop = Price[LeftStrength];
if marketposition = -1 then begin
Buytocover ( "Pivot SX" ) next bar at shortPivotStop stop;
end;