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AlchemyPercentTrlSt (Function)

AlchemyPercentTrlSt is a multiple-output function to be used with strategies.  It detects if the current position is either long or short and calculates a percent trailing stop from the entry point forward.  The function returns the percent trailing stop value for the current position.  The value for the position high in a long position and the position low in a short position is passed by reference back to the variable PosHi.

AlchemyPercentTrlSt (StopPcnt,PosHi)

Parameters

 

StopPcnt

Specifies the percent trailing stop

PosHi The value for the position high in a long position and the position low in a short position is passed by reference back to this variable.

 

Returns

AlchemyPercentTrlSt returns the percent trailing stop value for the current position.  The value for the position high in a long position and the position low in a short position is passed by reference back to the variable PosHi.

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