i like to accomplish the following with ninjascript as an indicator:
Look back for a given PERIOD if the LOW would have hit the VALUE of my stop.
If yes, adjust the multiplier MULT+1 and try again, until the stop was never hit by a low in the given period.
Can anybody point me to the right direction? I'd like to have this running in Market Analyzer, so it can provide an optimal multiplier for my stop.
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