StockFetcher Forums · Filter Exchange · 2 standard deviation pull back on prior 10 bars<< >>Post Follow-up
drand11
20 posts
msg #146924
Ignore drand11
3/14/2019 1:28:34 PM

I want to figure a good way to program my stop loss and trailing stops based on prior price activity.
I am thinking I can look at prior 10 day bars. A Way to calculate what the 2 Standard Deviation typical pull back is for a stock. Lets assume I want to do a Buy trade. EMA 9 is above EMA 50 so I am only lookign for buys. So I want to calculate the 2ST pull back for the past 10 trading days. and I can use this value as my Trailing stop. Thoughts? or 1.5 SD etc.. Could make this a variable, and than input it into an indicator to find the best results for a given stock.

xarlor
581 posts
msg #146925
Ignore xarlor
3/14/2019 2:44:14 PM

You'll have to check the accuracy, but I believe this draws a line 2SD above the current close and 2SD below the current close as calculated over the last 10 days.

The variable "lower" would be your stop loss.

Fetcher[
market not otcbb
average volume(30) > 1234567
close > 10
ema(9) > ema(50)

set{2SD,Standard Deviation(10)*2}
set{upper,close+2SD}
set{lower,close-2SD}

draw price line at upper
draw price line at lower

add column 2SD
add column upper
add column lower
]



StockFetcher Forums · Filter Exchange · 2 standard deviation pull back on prior 10 bars<< >>Post Follow-up

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