FixedPctTrailingStop.efs
EFSLibrary - Discussion Board
File Name:
- FixedPctTrailingStop.efs
- FixedPctTrailingStop_Strategy.efs
Description:
Fixed-Percentage Trailing Stop
Formula Parameters:
FixedPctTrailingStop.efs
- Trailing Loss : 14
- Long or Short : Long
- Show Line Trailing Stop : True
- Show Labels : True
- Show Arrows : True
- Display Cursor Labels : True
FixedPctTrailingStop_Strategy.efs
- Trailing Loss : 14
- Long or Short : Long
- Show Line Trailing Stop : True
- Show Labels : True
- Show Arrows : True
- Display Cursor Labels : True
Notes:
The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.
Download File:
FixedPctTrailingStop.efs
FixedPctTrailingStop_Strategy.efs
EFS Code:
/*********************************
Provided By:
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2009. All rights reserved. This sample eSignal
Formula Script (EFS) is for educational purposes only and may be
modified and saved under a new file name. eSignal is not responsible
for the functionality once modified. eSignal reserves the right
to modify and overwrite this EFS file with each new release.
Description:
Fixed-Percentage Trailing Stop
Version: 1.0 03/16/2009
Formula Parameters: Default:
Trailing Loss 14
Long or Short Long
Show Line Trailing Stop True
Show Labels True
Show Arrows True
Display Cursor Labels True
Notes:
The related article is copyrighted material. If you are not a subscriber
of Stocks & Commodities, please visit www.traders.com.
**********************************/
var fpArray = new Array();
function preMain() {
setPriceStudy(true);
setStudyTitle("Fixed-Percentage Trailing Stop");
setCursorLabelName("Trailing Stop", 0);
setShowTitleParameters(false);
setDefaultBarFgColor(Color.red, 0);
setPlotType(PLOTTYPE_LINE, 0);
setDefaultBarThickness(2, 0);
askForInput();
var x=0;
fpArray[x] = new FunctionParameter("nTrailingLoss", FunctionParameter.NUMBER);
with(fpArray[x++]){
setName("Trailing Loss");
setLowerLimit(0);
setUpperLimit(100);
setDefault(14);
}
fpArray[x] = new FunctionParameter("sStrategy", FunctionParameter.STRING);
with(fpArray[x++]){
setName("Long or Short");
addOption("Long");
addOption("Short");
setDefault("Long");
}
fpArray[x] = new FunctionParameter("bShowTS", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Show Line Trailing Stop");
addOption("true");
addOption("false");
setDefault("true");
}
fpArray[x] = new FunctionParameter("bShowL", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Show Labels");
addOption("true");
addOption("false");
setDefault("true");
}
fpArray[x] = new FunctionParameter("bShowArrows", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Show Arrows");
addOption("true");
addOption("false");
setDefault("true");
}
fpArray[x] = new FunctionParameter("ViewValue", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Display Cursor Labels");
setDefault(true);
}
}
var bInit = false;
var bVersion = null;
var nRef = 0;
var xS_R = null;
function main(sStrategy, nTrailingLoss, bShowTS, bShowL, bShowArrows, ViewValue){
var nClose = close(0);
var nClose1 = close(-1);
var nX_R = 0;
var nX_R1 = 0;
if (bVersion == null) bVersion = verify();
if (bVersion == false) return;
if(bInit==false){
setShowCursorLabel(ViewValue);
xS_R = efsInternal("TrailingStop", nTrailingLoss);
bInit=true;
}
nX_R = xS_R.getValue(0);
nX_R1 = xS_R.getValue(-1);
if (nX_R1 == null) return;
if (nClose1 < nX_R1 && nClose > nX_R) {
if (bShowArrows) drawShape( Shape.UPARROW, BelowBar2, Color.green);
if (sStrategy == "Long") {
if (bShowL) drawTextRelative(-3, low(0), " LONG", Color.white, Color.green, Text.FRAME, "Arial Black", 10, "b"+(getCurrentBarCount()), -5);
} else {
if (bShowL) drawTextRelative(-3, high(0), " EXIT", Color.white, Color.green, Text.FRAME, "Arial Black", 10, "b"+(getCurrentBarCount()), -5);
}
}
if (nClose1 > nX_R1 && nClose < nX_R) {
if (bShowArrows) drawShape( Shape.DOWNARROW, AboveBar2, Color.red);
if (sStrategy == "Long") {
if (bShowL) drawTextRelative(-3, high(0), " EXIT", Color.white, Color.red, Text.FRAME | Text.TOP, "Arial Black", 10, "b"+(getCurrentBarCount()), -5);
} else {
if (bShowL) drawTextRelative(-3, high(0), "SHORT", Color.white, Color.red, Text.FRAME , "Arial Black", 10, "b"+(getCurrentBarCount()), -5);
}
}
if (bShowTS == false) return;
return xS_R.getValue(0);
}
function TrailingStop(nTrailingLoss){
var Close = close(0);
var loss = Close * nTrailingLoss / 100;
var nRes = 0;
var nRef = ref(-1);
if (nRef == null) nRef = Close;
if (Close > nRef && close(-1) > nRef) {
nRes = Math.max(nRef, Close - loss)
} else {
if (Close < nRef && close(-1) < nRef) {
nRes = Math.min(nRef, Close + loss)
} else {
if (Close > nRef) {
nRes = Close - loss;
} else {
nRes = Close + loss;
}
}
}
return nRes;
}
function verify() {
var b = false;
if (getBuildNumber() < 779) {
drawTextAbsolute(5, 35, "This study requires version 8.0 or later.",
Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
null, 13, "error");
drawTextAbsolute(5, 20, "Click HERE to upgrade.@URL=http://www.esignal.com/download/default.asp",
Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
null, 13, "upgrade");
return b;
} else {
b = true;
}
return b;
}
/*********************************
Provided By:
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2009. All rights reserved. This sample eSignal
Formula Script (EFS) is for educational purposes only and may be
modified and saved under a new file name. eSignal is not responsible
for the functionality once modified. eSignal reserves the right
to modify and overwrite this EFS file with each new release.
Description:
Fixed-Percentage Trailing Stop Strategy
Version: 1.0 03/16/2009
Formula Parameters: Default:
Trailing Loss 14
Long or Short Long
Show Line Trailing Stop True
Show Labels True
Show Arrows True
Display Cursor Labels True
Notes:
The related article is copyrighted material. If you are not a subscriber
of Stocks & Commodities, please visit www.traders.com.
**********************************/
var fpArray = new Array();
function preMain() {
setPriceStudy(true);
setStudyTitle("Fixed-Percentage Trailing Stop");
setCursorLabelName("Trailing Stop", 0);
setShowTitleParameters(false);
setDefaultBarFgColor(Color.red, 0);
setPlotType(PLOTTYPE_LINE, 0);
setDefaultBarThickness(2, 0);
askForInput();
var x=0;
fpArray[x] = new FunctionParameter("nTrailingLoss", FunctionParameter.NUMBER);
with(fpArray[x++]){
setName("Trailing Loss");
setLowerLimit(0);
setUpperLimit(100);
setDefault(14);
}
fpArray[x] = new FunctionParameter("sStrategy", FunctionParameter.STRING);
with(fpArray[x++]){
setName("Long or Short");
addOption("Long");
addOption("Short");
setDefault("Long");
}
fpArray[x] = new FunctionParameter("bShowTS", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Show Line Trailing Stop");
addOption("true");
addOption("false");
setDefault("true");
}
fpArray[x] = new FunctionParameter("bShowL", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Show Labels");
addOption("true");
addOption("false");
setDefault("true");
}
fpArray[x] = new FunctionParameter("bShowArrows", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Show Arrows");
addOption("true");
addOption("false");
setDefault("true");
}
fpArray[x] = new FunctionParameter("ViewValue", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Display Cursor Labels");
setDefault(true);
}
}
var bInit = false;
var bVersion = null;
var nRef = 0;
var xS_R = null;
function main(sStrategy, nTrailingLoss, bShowTS, bShowL, bShowArrows, ViewValue){
var nClose = close(0);
var nClose1 = close(-1);
var nX_R = 0;
var nX_R1 = 0;
if (bVersion == null) bVersion = verify();
if (bVersion == false) return;
if(bInit==false){
setShowCursorLabel(ViewValue);
xS_R = efsInternal("TrailingStop", nTrailingLoss);
bInit=true;
}
if (getCurrentBarIndex() == 0) return;
nX_R = xS_R.getValue(0);
nX_R1 = xS_R.getValue(-1);
if (nX_R1 == null) return;
if (nClose1 < nX_R1 && nClose > nX_R) {
if (bShowArrows) drawShape( Shape.UPARROW, BelowBar2, Color.green);
if (sStrategy == "Long") {
if (bShowL) drawTextRelative(-3, low(0), " LONG", Color.white, Color.green, Text.FRAME, "Arial Black", 10, "b"+(getCurrentBarCount()), -5);
Strategy.doLong("Long", Strategy.MARKET, Strategy.THISBAR);
} else {
if (bShowL) drawTextRelative(-3, high(0), " EXIT", Color.white, Color.green, Text.FRAME, "Arial Black", 10, "b"+(getCurrentBarCount()), -5);
if (Strategy.isShort()) Strategy.doCover("Exit Short", Strategy.MARKET, Strategy.THISBAR);
}
}
if (nClose1 > nX_R1 && nClose < nX_R) {
if (bShowArrows) drawShape( Shape.DOWNARROW, AboveBar2, Color.red);
if (sStrategy == "Long") {
if (bShowL) drawTextRelative(-3, high(0), " EXIT", Color.white, Color.red, Text.FRAME | Text.TOP, "Arial Black", 10, "b"+(getCurrentBarCount()), -5);
if (Strategy.isLong()) Strategy.doSell("Exit Long", Strategy.MARKET, Strategy.THISBAR);
} else {
if (bShowL) drawTextRelative(-3, high(0), "SHORT", Color.white, Color.red, Text.FRAME , "Arial Black", 10, "b"+(getCurrentBarCount()), -5);
Strategy.doShort("Short", Strategy.MARKET, Strategy.THISBAR);
}
}
if (bShowTS == false) return;
return xS_R.getValue(0);
}
function TrailingStop(nTrailingLoss){
var Close = close(0);
var loss = Close * nTrailingLoss / 100;
var nRes = 0;
var nRef = ref(-1);
if (nRef == null) nRef = Close;
if (Close > nRef && close(-1) > nRef) {
nRes = Math.max(nRef, Close - loss)
} else {
if (Close < nRef && close(-1) < nRef) {
nRes = Math.min(nRef, Close + loss)
} else {
if (Close > nRef) {
nRes = Close - loss;
} else {
nRes = Close + loss;
}
}
}
return nRes;
}
function verify() {
var b = false;
if (getBuildNumber() < 779) {
drawTextAbsolute(5, 35, "This study requires version 8.0 or later.",
Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
null, 13, "error");
drawTextAbsolute(5, 20, "Click HERE to upgrade.@URL=http://www.esignal.com/download/default.asp",
Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
null, 13, "upgrade");
return b;
} else {
b = true;
}
return b;
}