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Profile: PaulRidout
User Name: PaulRidout
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Joined: Sunday, May 14, 2006
Last Visit: Saturday, March 30, 2019 9:05:16 PM
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Last 10 Posts
Topic: Target Entry Prices
Posted: Friday, August 10, 2018 2:19:26 PM

QUOTE (Bruce_L)

You can't change the sign of the True Range Multiplier in the ATR indicator (OK, you can, but it won't plot).

So I found!

QUOTE (Bruce_L)

You could play around with really simplistic versions of this sort of thing.

MAX(MAXC5 - 2 * ATR20, 10)

MIN(MINC5 + 2 * ATR20, 10)

The formulas don't switch based on the trend and aren't going to line up exactly with the Volatility Stop most of the time, but use similiar but simpler concepts.

What these formula do allow you to however is to overlay them into the same pane and scale as price using Custom PCF Indicators and then play around with things.

For example, try changing the - to a + in the formulas. Try replacing C with H or L in the formulas. Instead of having both items be MAX or MIN in the formulas, mix them up. You can also change the 2, 5, 10, and 20 to different settings.

That's very cool Bruce - thanks a million!

Topic: Target Entry Prices
Posted: Friday, August 10, 2018 10:33:14 AM

Thanks guys,

I wrote some code for this years ago (on another platform) but cannot find or remember it!

It seesm to me that it might work on TC2000 v18 if I were able to enter a negative value in the Volatility Stop True Range Muliplier?

Using the opposing values (Long Stop as Short Entry and vice versa) does not give a workable value if the predominant trend is already in place and I'm looking to trade a breakout from a consolidation phase.

A quick current example could be AAPL.  I like to factor recent price volatility into target entry prices.


Topic: Target Entry Prices
Posted: Wednesday, August 08, 2018 3:28:29 PM

I am trying to write the opposite of the 'Volatility Stop', to write an indicator in TC2000 v18 that will display on my charts an optimal entry order price based on recent price volatility, Long or Short.

The Volatility Stop is handy, I just need it to work in the other direction.  I hope that makes sense.