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Pastimes : Ask da_cheif

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To: da_cheif™ who wrote (5418)	9/27/2001 9:26:00 AM
From: fut_trade	Read Replies (2) of 8150

da_cheif, this is sort of a long shot, but do you know the formula for something called "volatility stop" developed by Welles Wilder and Gresham Northcott? It was mentioned in an article by Larry Williams, but he gave no references. He describes it as a moving average based tool with two parameters, "lookback" and "adjustment factor". My guess is that for long entries, the stop is set equal to price high - some multiplier times the average price range. The current value of the stop might be set to the highest computed stop value for the last "lookback" number of days.

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