Elder's Safezone Stop - SZ
Parameters:
Coefficient - Coefficient value
Color - SZ plot color
Line Type - The type of plot to draw
Lookback Period - The lookback period to use.
No Decline Period - The no decline period to use
Position - The position to take, either long or short.
Description:
The "SafeZone Stop" indicator is described in Dr. Alexander Elder's book _Come Into My Trading Room_, p.173
Formula Reference:
Syntax
SZ(Position, Lookback Period, No Decline Period, Coefficient)
Function
Position is either Long or Short
Example
SZ(Long, 10, 2, 2.5)