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$TUBR: Stop Loss IndicatorATR-Based Stop Loss Indicator for TradingView by The Ultimate Bull Run Community: TUBR **Overview** The ATR-Based Stop Loss Indicator is a custom tool designed for traders using TradingView. It helps you determine optimal stop loss levels by leveraging the Average True Range (ATR), a popular measure of market volatility. By adapting to current market conditions, this indicator aims to minimize premature stop-outs and enhance your risk management strategy. --- **Key Features** - **Dynamic Stop Loss Levels**: Calculates stop loss prices based on the ATR, providing both long and short stop loss suggestions. - **Customizable Parameters**: Adjust the ATR period, multiplier, and smoothing method to suit your trading style and the specific instrument you're trading. - **Visual Aids**: Plots stop loss lines directly on your chart for easy visualization. - **Alerts and Notifications** (Optional): Set up alerts to notify you when the price approaches or hits your stop loss levels. --- **Understanding the Indicator** 1. **Average True Range (ATR)**: - **What It Is**: ATR measures market volatility by calculating the average range between high and low prices over a specified period. - **Why It's Useful**: A higher ATR indicates higher volatility, which can help you set stop losses that accommodate market fluctuations. 2. **ATR Multiplier**: - **Purpose**: Determines how far your stop loss is placed from the current price based on the ATR. - **Example**: An ATR multiplier of 1.5 means the stop loss is set at 1.5 times the ATR away from the current price. 3. **Smoothing Methods**: - **Options**: Choose from RMA (default), SMA, EMA, WMA, or Hull MA. - **Effect**: Different smoothing methods can make the ATR more responsive or smoother, affecting where the stop loss is placed. --- **How the Indicator Works** - **Long Stop Loss Calculation**: - **Formula**: `Long Stop Loss = Close Price - (ATR * ATR Multiplier)` - **Purpose**: For long positions, the stop loss is set below the current price to protect against downside risk. - **Short Stop Loss Calculation**: - **Formula**: `Short Stop Loss = Close Price + (ATR * ATR Multiplier)` - **Purpose**: For short positions, the stop loss is set above the current price to protect against upside risk. - **Plotting on the Chart**: - **Green Line**: Represents the suggested stop loss level for long positions. - **Red Line**: Represents the suggested stop loss level for short positions. --- **How to Use the Indicator** 1. **Adding the Indicator to Your Chart**: - **Step 1**: Copy the PineScript code of the indicator. - **Step 2**: In TradingView, click on **Pine Editor** at the bottom of the platform. - **Step 3**: Paste the code into the editor and click **Add to Chart**. - **Step 4**: The indicator will appear on your chart with the default settings. 2. **Adjusting the Settings**: - **ATR Period**: - **Definition**: Number of periods over which the ATR is calculated. - **Adjustment**: Increase for a smoother ATR; decrease for a more responsive ATR. - **ATR Multiplier**: - **Definition**: Factor by which the ATR is multiplied to set the stop loss distance. - **Adjustment**: Increase to widen the stop loss (less likely to be hit); decrease to tighten the stop loss. - **Smoothing Method**: - **Options**: RMA, SMA, EMA, WMA, Hull MA. - **Adjustment**: Experiment to see which method aligns best with your trading strategy. - **Display Options**: - **Show Long Stop Loss**: Toggle to display or hide the long stop loss line. - **Show Short Stop Loss**: Toggle to display or hide the short stop loss line. 3. **Interpreting the Indicator**: - **Long Positions**: - **Action**: Set your stop loss at the value indicated by the green line when entering a long trade. - **Short Positions**: - **Action**: Set your stop loss at the value indicated by the red line when entering a short trade. - **Adjusting Stop Losses**: - **Trailing Stops**: You may choose to adjust your stop loss over time, moving it in the direction of your trade as the ATR-based stop loss levels change. 4. **Implementing in Your Trading Strategy**: - **Risk Management**: - **Position Sizing**: Use the stop loss distance to calculate your position size based on your risk tolerance. - **Consistency**: Apply the same settings consistently to maintain discipline. - **Combining with Other Indicators**: - **Enhance Decision-Making**: Use in conjunction with trend indicators, support and resistance levels, or other technical analysis tools. - **Alerts Setup** (If included in the code): - **Purpose**: Receive notifications when the price approaches or hits your stop loss level. - **Configuration**: Set up alerts in TradingView based on the alert conditions defined in the indicator. --- **Benefits of Using This Indicator** - **Adaptive Risk Management**: By accounting for current market volatility, the indicator helps prevent setting stop losses that are too tight or too wide. - **Minimize Premature Stop-Outs**: Reduces the likelihood of being stopped out due to normal price fluctuations. - **Flexibility**: Customizable settings allow you to tailor the indicator to different trading instruments and timeframes. - **Visualization**: Clear visual representation of stop loss levels aids in quick decision-making. --- **Things to Consider** - **Market Conditions**: - **High Volatility**: Be cautious as ATR values—and thus stop loss distances—can widen, increasing potential losses. - **Low Volatility**: Tighter stop losses may increase the chance of being stopped out by minor price movements. - **Backtesting and Optimization**: - **Historical Analysis**: Test the indicator on past data to evaluate its effectiveness and adjust settings accordingly. - **Continuous Improvement**: Regularly reassess and fine-tune the parameters to adapt to changing market conditions. - **Risk Per Trade**: - **Alignment with Risk Tolerance**: Ensure the stop loss level keeps potential losses within your acceptable risk per trade (e.g., 1-2% of your trading capital). - **Emotional Discipline**: - **Stick to Your Plan**: Avoid making impulsive changes to your stop loss levels based on emotions rather than analysis. --- **Example Usage Scenario** 1. **Setting Up a Long Trade**: - **Entry Price**: $100 - **ATR Value**: $2 - **ATR Multiplier**: 1.5 - **Calculated Stop Loss**: $100 - ($2 * 1.5) = $97 - **Action**: Place a stop loss order at $97. 2. **During the Trade**: - **Price Increases to $105** - **ATR Remains at $2** - **New Stop Loss Level**: $105 - ($2 * 1.5) = $102 - **Action**: Move your stop loss up to $102 to lock in profits. --- **Final Tips** - **Documentation**: Keep a trading journal to record your trades, stop loss levels, and observations for future reference. - **Education**: Continuously educate yourself on risk management and technical analysis to enhance your trading skills. - **Support**: Engage with trading communities or seek professional advice if you're unsure about implementing the indicator effectively. --- **Conclusion** The ATR-Based Stop Loss Indicator is a valuable tool for traders looking to enhance their risk management by setting stop losses that adapt to market volatility. By integrating this indicator into your trading routine, you can improve your ability to protect capital and potentially increase profitability. Remember to use it as part of a comprehensive trading strategy, and always adhere to sound risk management principles. --- **How to Access the Indicator** To start using the ATR-Based Stop Loss Indicator, follow these steps: 1. **Obtain the Code**: Copy the PineScript code provided for the indicator. 2. **Create a New Indicator in TradingView**: - Open TradingView and navigate to the **Pine Editor**. - Paste the code into the editor. - Click **Save** and give your indicator a name. 3. **Add to Chart**: Click **Add to Chart** to apply the indicator to your current chart. 4. **Customize Settings**: Adjust the input parameters to suit your preferences and start integrating the indicator into your trading strategy. --- **Disclaimer** Trading involves significant risk, and it's possible to lose all your capital. The ATR-Based Stop Loss Indicator is a tool to aid in decision-making but does not guarantee profits or prevent losses. Always conduct your own analysis and consider seeking advice from a financial professional before making trading decisions.
Indicatore Pine Script®
di TheUltimateBullRun
Moving Average Crossover Strategy with Take Profit and Stop LossThe Moving Average Crossover Strategy is a popular trading technique that utilizes two moving averages (MAs) of different periods to identify potential buy and sell signals. By incorporating take profit and stop loss levels, traders can effectively manage their risk while maximizing potential returns. Here’s a detailed explanation of how this strategy works: Overview of the Moving Average Crossover Strategy Moving Averages: A short-term moving average (e.g., 50-day MA) reacts more quickly to price changes, while a long-term moving average (e.g., 200-day MA) smooths out price fluctuations over a longer period. The strategy generates trading signals based on the crossover of these two averages: Buy Signal: When the short-term MA crosses above the long-term MA (often referred to as a "Golden Cross"). Sell Signal: When the short-term MA crosses below the long-term MA (known as a "Death Cross"). Implementing Take Profit and Stop Loss 1. Setting Take Profit Levels Definition: A take profit order automatically closes a trade when it reaches a specified profit level. Strategy: Determine a realistic profit target based on historical price action, support and resistance levels, or a fixed risk-reward ratio (e.g., 2:1). For instance, if you enter a buy position at $100, you might set a take profit at $110 if you anticipate that level will act as resistance. 2. Setting Stop Loss Levels Definition: A stop loss order limits potential losses by closing a trade when the price reaches a specified level. Strategy: Place the stop loss just below the most recent swing low for buy orders or above the recent swing high for sell orders. Alternatively, you can use a percentage-based method (e.g., 2-3% below the entry point) to define your stop loss. For example, if you enter a buy position at $100 with a stop loss set at $95, your maximum loss would be limited to $5 per share. Example of Using Moving Average Crossover with Take Profit and Stop Loss Entry Signal: You observe that the 50-day MA crosses above the 200-day MA at $100. You enter a buy position. Setting Take Profit and Stop Loss: You analyze historical price levels and set your take profit at $110. You place your stop loss at $95 based on recent swing lows. Trade Management: If the price rises to $110, your take profit order is executed, securing your profit. If the price falls to $95, your stop loss is triggered, limiting your losses.
Strategia Pine Script®
di Arseny69
The Forex Stop Loss CalculatorNOTE: I am NOT a professional trader. I DO NOT provide investment advice. This content and the data provided in the indicator is based on my live and simulated, personal observations and is ONLY intended for educational purposes. YOU are responsible for ALL your trading decisions and ALL subsequent tax ramifications. Past performance DOES NOT guarantee future results. “The Forex Stop Loss Calculator” ONLY displays numbers, NOT lines or a histogram etc. Why? It’s simple! All that other stuff is just clutter on your screen. By displaying ONLY numbers, you can tighten the vertical height of this indicator down to almost nothing. That saves precious real estate on your chart. Here is what the 8 numbers displayed in “The Forex Stop Loss Calculator” can DO FOR YOU: Buy/Long Position Stop Losses: #1: This Green Number helps locate a potential Stop Loss PRICE LOCATION for your BUY position based on the LOWEST LOW within a variable number of bars back. You can set that variable quantity to any number of bars desired. This quantity IN cludes the Current Bar. #2: This Green Number stops you from having to do any math. It subtracts the Price Location listed in the previous Green Number from the OPEN Price of the Current Bar and yields the Quantity of Pips you might risk between those two prices. Here is why that is important. Let’s say that you do not take trades that are above a certain pip/risk number. With “The Forex Stop Loss Calculator” you DO NOT have to bring up any extra tools or do any quick calculations. That’s all a waste of time. With this indicator you can determine at a glance if the current set up is within your personal trading rules. For example, if this listing was .00072 (with a PRECISION setting of 5 decimal points), that would indicate a Stop Loss of 7.2 pips. If that number is above your normal risk tolerance you move onto the next pair. #3: This Blue Number provides a slightly DIFFERENT way to determine a Stop Loss for a BUY position. It displays the AVERAGE LOW Price Location within a variable number of bars back. You can set that variable quantity from 1-25 bars. This quantity EX cludes the Current Bar. #4: This Blue Number stops you from having to do any math. It subtracts the AVERAGE Price Location listed in the previous Blue Number from the OPEN Price of the Current Bar and yields the Quantity of Pips you might risk between those two prices. For example, if this listing was .031 (with a PRECISION setting of 3 decimal points), that would indicate a Stop Loss of 3.1 pips. This obviously saves time as I mentioned in #2 above. Sell/Short Position Stop Losses: #5: This Red Number helps locate a potential Stop Loss PRICE LOCATION for your SELL position based on the HIGHEST HIGH within a variable number of bars back. You can set that variable quantity to any number of bars desired. This quantity IN cludes the Current Bar. #6: This Red Number stops you from having to do any math. It subtracts the OPEN Price of the Current Bar from the Price Location listed in the previous Red Number and yields the Quantity of Pips you might risk between those two prices. For example, if this listing was .00065 (with a PRECISION setting of 5 decimal points), that would indicate a Stop Loss of 6.5 pips. Here again, this saves time as I mentioned in #2 above. #7: This Blue Number provides a slightly DIFFERENT way to determine a Stop Loss for a SELL position. It displays the AVERAGE HIGH Price Location within a variable number of bars back. You can set that variable quantity from 1-25 bars. This quantity EX cludes the Current Bar. #8: This Blue Number stops you from having to do any math. It subtracts the OPEN Price of the Current Bar from the AVERAGE Price Location listed in the previous Blue Number and yields the Quantity of Pips you might risk between those two prices. For example, if this listing was .088 (with a PRECISION setting of 3 decimal points), that would indicate a Stop Loss of 8.8 pips. As I mentioned in #2 above, this obviously save a lot of time. IMPORTANT: Some Forex pairs are displayed with 3 decimal points. Others are displayed with 5 decimal points. The default setting for “The Forex Stop Loss Calculator” is 3 decimal points. However, that can be EASILY changed. Just click on the ‘SETTINGS/GEAR’ icon which is the second one to the right of the name of the indicator. At the BOTTOM of the ‘STYLE’ tab, change the ‘PRECISION’ setting back and forth from 3 to 5 as necessary. Hit ‘OK’ and you are good to go. OR (if you left the Precision setting at 5) once you land on a chart, immediately make a quick mental note as to the decimal point quantity in the price scale of that chart. If it is a 3 decimal point pair, just disregard the LAST TWO numbers in the display of the indicator. In other words, a display of .08967 for a 3 decimal point pair would indicate a Stop Loss of 8.9 pips. NOTE: If you install the indicator and the calculated numbers are not displayed, that’s an EASY fix. Simply RIGHT click on any white space in the chart. Near the bottom of the pop up screen, select ‘SETTINGS’. Next, select the ‘BACKGROUND’ tab. On that tab, locate ‘INDICATOR VALUES’ . Put a check in that box, click ‘OK’ and you’re done. The numbers defined by the indicator should now be displayed to the right of its name. If you would like a Word Document version of this information, just private message me. Full Speed ahead. Go get ‘em!!! The Trading Guy
Indicatore Pine Script®
di thetradingguy
EMA 34 Crossover with Break Even Stop LossEMA 34 Crossover with Break Even Stop Loss Strategy This trading strategy is based on the 34-period Exponential Moving Average (EMA) and aims to enter long positions when the price crosses above the EMA 34. The strategy is designed to manage risk effectively with a dynamic stop loss and take-profit mechanism. Key Features: EMA 34 Crossover: The strategy generates a long entry signal when the closing price of the current bar crosses above the 34-period EMA, with the condition that the previous closing price was below the EMA. This crossover indicates a potential upward trend. Risk Management: Upon entering a trade, the strategy sets a stop loss at the low of the previous bar. This helps in controlling the downside risk. A take profit level is set at a 10:1 risk-to-reward ratio, meaning the potential profit is ten times the amount risked on the trade. Break-even Stop Loss: As the price moves in favor of the trade and reaches a 3:1 risk-to-reward ratio, the strategy moves the stop loss to the entry price (break-even). This ensures that no loss will be incurred if the market reverses, effectively protecting profits. Exit Conditions: The strategy exits the trade when either the stop loss is hit (if the price drops below the stop loss level) or the take profit target is reached (if the price rises to the take profit level). If the price reaches the break-even level (entry price), the stop loss is adjusted to lock in profits and prevent any loss. Visualization: The stop loss and take profit levels are plotted on the chart for easy visualization, helping traders track the status of their trade. Trade Management Summary: Long Entry: When price crosses above the 34-period EMA. Stop Loss: Set to the low of the previous candle. Take Profit: Set to a 10:1 risk-to-reward ratio. Break-even: Stop loss is moved to entry price when a 3:1 risk-to-reward ratio is reached. Exit: The trade is closed either when the stop loss or take profit levels are hit. This strategy is designed to minimize losses by employing a dynamic stop loss and to maximize gains by setting a favorable risk-to-reward ratio, making it suitable for traders who prefer a structured, automated approach to risk management and trend-following.
Strategia Pine Script®
di rajudas36
Breadth Thrust Strategy with Volatility Stop-LossThe "Breadth Thrust Strategy with Volatility Stop-Loss" is a trading strategy designed to capitalize on market momentum while managing risk through volatility-based stop-losses. Here's a detailed breakdown of the strategy: Strategy Overview: Market Breadth Analysis: The strategy uses the "Breadth Thrust Indicator," which evaluates market momentum by calculating the ratio of advancing stocks to the total number of stocks on the New York Stock Exchange (NYSE). This indicator helps identify bullish market conditions. An optional feature allows for the inclusion of volume data in this calculation, enhancing the signal's robustness. Signal Generation: A long position is triggered when the smoothed breadth ratio (or the combined breadth and volume ratio) crosses above a specified low threshold (e.g., 0.4). This crossover indicates a potential shift towards positive market momentum. Key Parameters: Smoothing Length (length): Defines the period over which the breadth or combined ratio is smoothed using a simple moving average (SMA) to reduce noise and highlight the underlying trend. Low Threshold (threshold_low): The level below which the smoothed ratio must fall before crossing back above to trigger a long signal. Hold Periods (hold_periods): The minimum number of periods for which the position will be held once entered, ensuring the strategy captures a meaningful move. Volatility Multiplier (volatility_multiplier): A multiplier applied to the Average True Range (ATR) to determine the distance of the stop-loss from the entry price, which adjusts according to market volatility. Trade Management: Entry Signal: The strategy enters a long position when the smoothed combined ratio crosses above the low threshold, signaling a potential bullish reversal. ATR-Based Stop-Loss: Upon entering a trade, the strategy calculates a stop-loss level based on the ATR, which measures market volatility. The stop-loss is set at a distance from the entry price, determined by multiplying the ATR by the specified volatility multiplier. This adaptive stop-loss mechanism helps protect the position from adverse market moves. Stop-Loss Adjustment: While the position is open, the stop-loss level is dynamically updated, ensuring it never decreases (trailing stop-loss effect) but can be adjusted upwards to reflect the latest price action relative to volatility. Position Closure: The position is closed if: The market price falls to or below the stop-loss level. The position has been held for the specified number of periods (hold_periods), after which it is automatically closed. Additional Settings: Initial Capital: The strategy starts with an initial capital of $10,000. Commissions and Slippage: Each trade incurs a commission of $5 per order, and slippage is accounted for at $1 per trade. Background Highlighting: The chart background turns green when a position is open, providing a clear visual indication of the active trade. This strategy is designed to identify and capitalize on upward momentum in the market while employing a volatility-adjusted stop-loss to manage risk. By combining market breadth analysis with volatility-based stop-losses, the strategy aims to balance profit potential with protection against sudden market reversals.
Strategia Pine Script®
di EdgeTools
RSI Strategy with Adjustable RSI and Stop-LossThis trading strategy uses the Relative Strength Index (RSI) and a Stop-Loss mechanism to make trading decisions. Here’s a breakdown of how it works: RSI Calculation: The RSI is calculated based on the user-defined length (rsi_length). This is a momentum oscillator that measures the speed and change of price movements. Buy Condition: The strategy generates a buy signal when the RSI value is below a user-defined threshold (rsi_threshold). This condition indicates that the asset might be oversold and potentially due for a rebound. Stop-Loss Mechanism: Upon triggering a buy signal, the strategy calculates the Stop-Loss level. The Stop-Loss level is set to a percentage below the entry price, as specified by the user (stop_loss_percent). This level is used to limit potential losses if the price moves against the trade. Sell Condition: A sell signal is generated when the current closing price is higher than the highest high of the previous day. This condition suggests that the price has reached a new high, and the strategy decides to exit the trade. Plotting: The RSI values are plotted on the chart for visual reference. A horizontal line is drawn at the RSI threshold level to help visualize the oversold condition. Summary Buying Strategy: When RSI is below the specified threshold, indicating potential oversold conditions. Stop-Loss: Set based on a percentage of the entry price to limit potential losses. Selling Strategy: When the price surpasses the highest high of the previous day, signaling a potential exit point. This strategy aims to capture potential rebounds from oversold conditions and manage risk using a Stop-Loss mechanism. As with any trading strategy, it’s essential to test and optimize it under various market conditions to ensure its effectiveness.
Strategia Pine Script®
di EdgeTools
TFO + ATR Strategy with Trailing Stop LossThis strategy is an experiment to learn what happens when The Trend Flex Oscillator (by Dr. John Ehlers) is used in conjunction with a volatility indicator like ATR. It was designed with cryptocurrency trading in mind. The way I coded this experiment makes it unsuitable for bear market conditions. When applied to a bull market, this trend-following strategy will open long positions when oversold price action appear to be reversing. It will typically close a position within a few days unless it gets caught in a bear market, in which case it holds on for dear life. I have tried to make back-testing very simple, but you should never trust it. It's merely and interesting tool for adjusting the many parameters that I've made editable in the configuration window. Those values include the ATR and TFO parameters, as well as setting a trailing stop loss. When closing a position, the strategy can optionally be told to ignore the trend analysis and only obey the trailing stop loss value. I've made an attempt to allow the user to define the minimum profit necessary to allow the strategy to close all all positions. In my observations, the 2H candlestick charts seem to produce the best results, although the parameters of the strategy could theoretically be adjusted to suit other time periods. In summary... This strategy has a bias for HODL (Holds on to Losses) meaning that it provides NO STOP LOSS protection! Also note that the default behavior is designed for up to 15 open long orders, and executes one order to close them all at once. Opening a long position is predicated on The Trend Flex Oscillator (TFO) rising after being oversold, and ATR above a certain volatility threshold. Closing a long is handled either by TFO showing overbought while above a certain ATR level, or the Trailing Stop Loss. Pick one or both. If the strategy is allowed to sell before a Trailing Stop Loss is triggered, you can set a "must exceed %". Do not mistake this for a stop loss. Short positions are not supported in this version. Back-testing should NEVER be considered an accurate representation of actual trading results. // portions © allanster (date window code) // portions © Dr. John Ehlers (Trend Flex Oscillator) This code is provided for educational purposes only. The results of this strategy should not be considered investment advice. The user of this script acknowledges that it can result in serious financial loss when used as a trading tool
Strategia Pine Script®
di Chart0bserver
1
CBC Strategy with Trend Confirmation & Separate Stop LossCBC Flip Strategy with Trend Confirmation and ATR-Based Targets This strategy is based on the CBC Flip concept taught by MapleStax and inspired by the original CBC Flip indicator by AsiaRoo. It focuses on identifying potential reversals or trend continuation points using a combination of candlestick patterns (CBC Flips), trend filters, and a time-based entry window. This approach helps traders avoid false signals and increase trade accuracy. What is a CBC Flip? The CBC Flip is a candlestick-based pattern that identifies moments when the market is likely to change direction or strengthen its trend. It checks for a shift in price behavior between consecutive candles, signaling a bullish (upward) or bearish (downward) move. However, not all flips are created equal! This strategy differentiates between Strong Flips and All Flips, allowing traders to choose between a more conservative or aggressive approach. Strong Flips vs. All Flips Strong Flips A Strong Flip is a high-probability setup that occurs only after liquidity is swept from the previous candle’s high or low. What is a liquidity sweep? This happens when the price briefly moves beyond the high or low of the previous candle, triggering stop-losses and trapping traders in the wrong direction. These sweeps often create fuel for the next move, making them powerful reversal signals. Examples: Long Setup: The price dips below the previous candle’s low (sweeping liquidity) and then closes higher, signaling a potential bullish move. Short Setup: The price moves above the previous candle’s high and then closes lower, signaling a potential bearish move. Why Use Strong Flips? They provide fewer signals, but the accuracy is generally higher. Ideal for trending markets where liquidity sweeps often mark key turning points. All Flips All Flips are less selective, offering both Strong Flips and additional signals without requiring a liquidity sweep. This approach gives traders more frequent opportunities but comes with a higher risk of false signals, especially in sideways markets. Examples: Long Setup: A CBC flip occurs without sweeping the previous low, but the trend direction is confirmed (slow EMA is still above VWAP). Short Setup: A CBC flip occurs without sweeping the previous high, but the trend is still bearish (slow EMA below VWAP). Why Use All Flips? Provides more frequent entries for active or aggressive traders. Works well in trending markets but requires caution during consolidation periods. How This Strategy Works The strategy combines CBC Flips with multiple filters to ensure better trade quality: Trend Confirmation: The slow EMA (20-period) must be positioned relative to the VWAP to confirm the overall trend direction. Long Trades: Slow EMA must be above VWAP (upward trend). Short Trades: Slow EMA must be below VWAP (downward trend). Time-Based Filter: Traders can specify trading hours to limit entries to a particular time window, helping avoid low-volume or high-volatility periods. Profit Target and Stop-Loss: Profit Target: Defined as a multiple of the 14-period ATR (Average True Range). For example, if the ATR is 10 points and the profit target multiplier is set to 1.5, the strategy aims for a 15-point profit. Stop-Loss: Uses a dynamic, candle-based stop-loss: Long Trades: The trade closes if the market closes below the low of two candles ago. Short Trades: The trade closes if the market closes above the high of two candles ago. This approach adapts to recent price behavior and protects against unexpected reversals. Customizable Settings Strong Flips vs. All Flips: Choose between a more selective or aggressive entry style. Profit Target Multiplier: Adjust the ATR multiplier to control the distance for profit targets. Entry Time Range: Define specific trading hours for the strategy. Indicators and Visuals Fast EMA (10-Period) – Black Line Slow EMA (20-Period) – Red Line VWAP (Volume-Weighted Average Price) – Orange Line Visual Labels: ▵ (Triangle Up) – Marks long entries (buy signals). ▿ (Triangle Down) – Marks short entries (sell signals). Credits CBC Flip Concept: Inspired by MapleStax, who teaches this concept. Original Indicator: Developed by AsiaRoo, this strategy builds on the CBC Flip framework with additional features for improved trade management. Risks and Disclaimer This strategy is for educational purposes only and does not constitute financial advice. Trading involves significant risk and may result in the loss of capital. Past performance does not guarantee future results. Use this strategy in a simulated environment before applying it to live trading.
Strategia Pine Script®
di PumpCTrader
MACD Enhanced Strategy MTF with Stop Loss [LTB]Test strategy for MACD This strategy, named "MACD Enhanced Strategy MTF with Stop Loss ," is a modified Moving Average Convergence Divergence (MACD) strategy with enhancements such as multi-timeframe (MTF) analysis, custom scoring, and a dynamic stop loss mechanism. Let’s break down how to effectively use it: Key Elements of the Strategy MACD Indicator with Modifications: The strategy uses MACD, a well-known momentum indicator, with customizable parameters: fastLength, slowLength, and signalLength represent the standard MACD settings. Instead of relying solely on MACD crossovers, it introduces scoring parameters for histogram direction (histside), indicator direction (indiside), and signal cross (crossscore). This allows for a more nuanced decision-making process when determining buy and sell signals. Multi-Timeframe Analysis (MTF): The strategy compares the current timeframe's MACD score with that of a higher timeframe (HTF). It dynamically selects the higher timeframe based on the current timeframe. For example, if the current chart period is 1, it will select 5 as the higher timeframe. This MTF approach aims to align trades with broader trends, filtering out false signals that could be present when analyzing only a single timeframe. Scoring System: A custom scoring system (count() function) is used to evaluate buy and sell signals. This includes calculations based on the direction and momentum of MACD (indi) and the histogram. The score is used to determine the strength of signals. Positive scores indicate bullish sentiment, while negative scores indicate bearish sentiment. This scoring mechanism aims to reduce the influence of noise and provide more reliable entries. Entry Conditions: Long Condition: When the Result value (a combination of MTF and current MACD analysis) changes and becomes positive, a long entry is triggered. Short Condition: When the Result changes and becomes negative, a short entry is initiated. Stop Loss Mechanism: The countstop() function calculates dynamic stop loss values for both long and short trades. It is based on the Average True Range (ATR) multiplied by a factor (Mult), providing adaptive stop loss levels depending on market volatility. The stop loss is plotted on the chart to show potential risk levels for open trades, with the line appearing only if shotsl is enabled. How to Use the Strategy To properly use the strategy, follow these steps: Parameter Optimization: Adjust the input parameters such as fastLength, slowLength, and signalLength to tune the MACD indicator to the specific asset you’re trading. The values provided are typical defaults, but optimizing these values based on backtesting can help improve performance. Customize the scoring parameters (crossscore, indiside, histside) to balance how much weight you want to put on the direction, histogram, and cross events of the MACD indicator. Select Appropriate Timeframes: This strategy employs a multi-timeframe (MTF) approach, so it's important to understand how the higher timeframe (HTF) is selected based on the current timeframe. For instance, if you are trading on a 5-minute chart, the higher timeframe will be 15 minutes, which helps filter out lower timeframe noise. Ensure you understand the relationship between the timeframe you’re using and the HTF it automatically selects. The strategy’s effectiveness can vary depending on how these timeframes align with the asset’s overall volatility. Run Backtests: Always backtest the strategy over historical data to determine its reliability for the asset and timeframes you’re interested in. Note that the MTF approach may require substantial data to capture how different timeframes interact. Use the backtest results to adjust the scoring parameters or the Stop Loss Factor (Mult) for better risk management. Stop Loss Usage: The stop loss is calculated dynamically using ATR, which means that it adjusts with changing volatility. This can be useful to avoid being stopped out too often during periods of increased volatility. The shotsl parameter can be set to true to visualize the stop loss line on the chart. This helps to monitor the protection level and make better decisions regarding holding or closing a trade manually. Entry Signals and Trade Execution: Look for changes in the Result value to determine entry points. For a long position, the Result needs to become positive, and for a short position, it must be negative. Note that the strategy's entries are more conservative because it waits for the Result to confirm the direction using multiple factors, which helps filter out false breakouts. Risk Management: The adaptive stop loss mechanism reduces the risk by basing the stop level on market volatility. However, you must still consider additional risk management practices such as position sizing and profit targets. Given the scoring mechanism, it might not enter trades frequently, which means using this strategy may result in fewer but potentially more accurate trades. It’s important to be patient and not force trades that don’t align with the calculated results. Real-Time Monitoring: Make sure to monitor trades actively. Since the strategy recalculates the score on each bar, real-time changes in the Result value could provide exit opportunities even if the stop loss isn't triggered. Summary The "MACD Enhanced Strategy MTF with Stop Loss " is a sophisticated version of the MACD strategy, enhanced with multi-timeframe analysis and adaptive stop loss. Properly using it involves optimizing MACD and scoring parameters, selecting suitable timeframes, and actively managing entries and exits based on a combination of scoring and volatility-based stop losses. Always conduct thorough backtesting before applying it in a live environment to ensure the strategy performs well on the asset you're trading.
Strategia Pine Script®
di skigoogs
3
Relativity Adaptive Stop-LossRelativity Adaptive Stop-Loss is a stop-loss technique that uses the Relativity Autonomous Distribution Blocks algorithm. For detailed info about Relativity Autonomous Distribution Blocks : *** Features This structure is different from standard stop-losses. The base frame is based on "Market Adaptive Stop-Loss" script. For detailed information about Market Adaptive Stop-Loss: This script uses the Relativity Autonomous Distribution Blocks as cross method. Tradeable / Non Tradeable Region Detector : This script separates tradeable and non-tradeable regions with a coloring method. Plotting Rules : * Maroon : Uncorfirmed Short Positions * Teal : Unconfirmed Long Positions * Green : Confirmed Long Positions * Red : Confirmed Short Positions This script can be used in only 1W time frame. (TF = 1W ) Does not repaint on 1W and larger time frames. ( Source = close ) *** Settings : The only option here is the ATR multiplier. The default use value of this ATR multiplier, which is of the standard of stop-loss, is 2.You can set it from the menu. No alert is set. Because the positive and negative regions are the same as Relativity Autonomous Distribution Blocks. Since the traders can trade according to the support and resistance outside the definite regions, the unnecessary signal was confused and the alerts were removed. *** USAGE The Stop-Loss indicator can slide on the chart. So you have to make sure you put it in right place. Using this script in a new pane below will radically solve slip problems. Stop-Loss values do not slip definitely.The values ​​can select from the alignment. NOTE : Some structures (Market Adaptive Stop-Loss) and design in this script are inspired by everget's Chandelier Exit script : Best regards.
Indicatore Pine Script®
di Noldo
Autonomous LSTM Stop-LossStructure Autonomous LSTM Stop-Loss is a stop-loss technique that uses the Autonomous LSTM algorithm. For detailed info about Autonomous LSTM : *** Features This structure is different from standard stop-losses. The base frame is based on "Market Adaptive Stop-Loss" script. For detailed information about Market Adaptive Stop-Loss: This script uses the Autonomous LSTM as cross method. Tradeable / Non Tradeable Region Detector : This script separates tradeable and non-tradeable regions with a coloring method. Plotting Rules : * Maroon : Uncorfirmed Short Positions * Teal : Unconfirmed Long Positions * Green : Confirmed Long Positions * Red : Confirmed Short Positions This script can be used in all time frames. Does not repaint. ( Source = close ) *** Settings : The only option here is the ATR multiplier. The default use value of this ATR multiplier, which is of the standard of stop-loss, is 2.You can set it from the menu. No alert is set. Because the positive and negative regions are the same as Autonomous LSTM. Since the traders can trade according to the support and resistance outside the definite regions, the unnecessary signal was confused and the alerts were removed. *** Usage The Stop-Loss indicator can slide on the chart. So you have to make sure you put it in place. Since this is a region scan from the OHLC levels, indicator contains small blue dots to the ohlc levels and made it serve as a guide. However, since we cannot know the OHLC values ​​precisely, it is best to use them as follows: Because it is often forgotten to put it in place: (OHLC : Average of Open, High, Low, and Closing prices for each period) Using this script in a new pane below will radically solve slip problems. Stop-Loss values do not slip definitely.The values ​​are selected from the alignment. NOTE : Some structures (Market Adaptive Stop-Loss) and design in this script are inspired by everget's Chandelier Exit script : Best regards.
Indicatore Pine Script®
di Noldo
42
Market Structure Based Stop LossMarket Structure Based Dynamic Stop Loss Introduction The Market Structure Based Stop Loss indicator is a strategic tool for traders designed to be useful in both rigorous backtesting and live testing, by providing an objective, “guess-free” stop loss level. This indicator dynamically plots suggested stop loss levels based on market structure, and the concepts of “interim lows/highs.” It provides a robust framework for managing risk in both long and short positions. By leveraging historical price movements and real time market dynamics, this indicator helps traders identify quantitatively consistent risk levels while optimizing trade returns. Legend This indicator utilizes various inputs to customize its functionality, including "Stop Loss Sensitivity" and "Wick Depth," which dictate how closely the stop loss levels hug the price's highs and lows. The stop loss levels are plotted as lines on the trading chart, providing clear visual cues for position management. As seen in the chart below, this indicator dynamically plots stop loss levels for both long and short positions at every point in time. A “Stop Loss Table” is also included, in order to enhance precision trading and increase backtesting accuracy. It is customizable in both size and positioning. Case Study Methodology The methodology behind this indicator focuses on the precision placement of stop losses using market structure as a guide. It calculates stop losses by identifying the "lowest close" and the corresponding "lowest low" for long setups, and inversely for short setups. By adjusting the sensitivity settings, traders can tweak the indicator's responsiveness to price changes, ensuring that the stop losses are set with a balance between tight risk control and enough room to avoid premature exits due to market noise. The indicator's ability to adapt to different trading styles and time frames makes it an essential tool for traders aiming for efficiency and effectiveness in their risk management strategies. An important point to make is the fact that the stop loss levels are always placed within the wicks. This is important to avoid what can be described as a “floating stop loss”. A stop loss placed outside of a wick is susceptible to an outsized degree of slippage. This is because traders always cluster their stop losses at high/low wicks, and a stop loss placed outside of this level will inevitably be caught in a low liquidity cascade or “wash-out.” When price approaches a cluster of stop losses, it is highly probable that you will be stopped out anyway, so it is prudent to attempt to be the trader who gets stopped out first in order to avoid high slippage, and losses above what you originally intended. // For long positions: stop-loss is slightly inside the lowest wick float dynamic_SL_Long = lowestClose - (lowestClose - lowestLow) * (1 - WickDepth) // For short positions: stop-loss is slightly inside the highest wick float dynamic_SL_Short = highestClose + (highestHigh - highestClose) * (1 - WickDepth) The percentage depth of the wick in which the stop loss is placed is customisable with the “Wick Depth” variable, in order to customize stop loss strategies around the liquidity of the market a trader is executing their orders in.
Indicatore Pine Script®
di QuantraSystems
6
High-Low Breakout Strategy with ATR traling Stop LossThis script is a TradingView Pine Script strategy that implements a High-Low Breakout Strategy with ATR Trailing Stop.created by SK WEALTH GURU, Here’s a breakdown of its key components: Features and Functionality Custom Timeframe and High-Low Detection Allows users to select a custom timeframe (default: 30 minutes) to detect high and low levels. Tracks the high and low within a user-specified period (e.g., first 30 minutes of the session). Draws horizontal lines for high and low, persisting for a specified number of days. Trade Entry Conditions Long Entry: If the closing price crosses above the recorded high. Short Entry: If the closing price crosses below the recorded low. The user can choose to trade Long, Short, or Both. ATR-Based Trailing Stop & Risk Management Uses Average True Range (ATR) with a multiplier (default: 3.5) to determine a dynamic trailing stop-loss. Trades reset daily, ensuring a fresh start each day. Trade Execution and Partial Profit Taking Stop-loss: Default at 1% of entry price. Partial profit: Books 50% of the position at 3% profit. Max 2 trades per day: If the first trade hits stop-loss, the strategy allows one re-entry. Intraday Exit Condition All positions close at 3:15 PM to ensure no overnight risk.
Strategia Pine Script®
di SK-WEALTH-GURU
2
Two Take Profits and Two Stop LossThis script is for research purposes only. I am not a financial advisor. Entry Condition This strategy is based on two take profit targets, two stop loss, and scaling out strategy. The entry rule is very simple. Whenever the EMA crossover WMA, the long trade is taken and vice versa. Take Profit and Stop Loss The first take profit is set at 20 pips above the long entry and the second take profit is set at 40 pips above the long entry. Meanwhile, the first stop loss is set at 20 pips below the long entry and the second stop loss is set at the long entry. Money Management When the first take profit is achieved, half of the position is closed and the first stop loss is moved to the entry-level. The rest of the position is open to achieve either second take profit or second stop loss. There are three outcomes when using this strategy. Let's say you enter the trade with 200 lot size and you are risking 2% of your equity. 1. The first outcome is when the price hits stop loss, you lose the entire 2%. 2. The second outcome is when the price hits the first take profit and you close half of your position. Meaning that you have gained 1%. Then you let the trade running and eventually it hits the second stop loss. Remember your first stop loss has changed to the second stop loss when the first take profit is achieved. The total loss is 0% because the price is at your entry-level. You have gained the earlier 1% and then lost 0%. At this point, you are at 1% gained. 3. The third outcome is similar to the second out but instead of hitting the second stop loss, the trade is running to your favor and hits the second take profit. Therefore, you gained 1% from the first take profit and you gained another 2% for the second take profit. Your total gained is 3% Summary The reason behind this strategy is to minimize risk. with normal strategy, you only have two outcomes which are either win or loss. With this strategy, you have three outcomes which win 3%, win 1%, or loss 2%. This is my similar strategy but with single stop loss
Strategia Pine Script®
di ahmad_naquib
23
IU Trailing Stop Loss MethodsThe 'IU Trailing Stop Loss Methods' it's a risk management tool which allows users to apply 12 trailing stop-loss (SL) methods for risk management of their trades and gives live alerts when the trailing Stop loss has hit. Below is a detailed explanation of each input and the working of the Script. Main Inputs: - bar_time: Specifies the date from which the trade begins and entry price will be the open of the first candle. - entry_type: Choose between 'Long' or 'Short' positions. - trailing_method: Select the trailing stop-loss method. Options include ATR, Parabolic SAR, Supertrend, Point/Pip based, Percentage, EMA, Highest/Lowest, Standard Deviation, and multiple target-based methods. - exit_after_close: If checked, exits the trade only after the candle closes. Optional Inputs: ATR Settings: - atr_Length: Length for the ATR calculation. - atr_factor: ATR multiplier for SL calculation. Parabolic SAR Settings: - start, increment, maximum: Parameters for the Parabolic SAR indicator. Supertrend Settings: - supertrend_Length, supertrend_factor: Length and factor for the Supertrend indicator. Point/Pip Based: - point_base: Set trailing SL in points/pips. Percentage Based: - percentage_base: Set SL as a percentage of entry price. EMA Settings: - ema_Length: Length for EMA calculation. Standard Deviation Settings: - std_Length, std_factor: Length and factor for standard deviation calculation. Highest/Lowest Settings: - highest_lowest_Length: Length for the highest/lowest SL calculation. Target-Based Inputs: - ATR, Point, Percentage, and Standard Deviation based target SL settings with customizable lengths and multipliers. Entry Logic: - Trades initiate based on the entry_type selected and the specified bar_time. - If Long is selected, a long trade is initiated when the conditions match, and vice versa for Short. Trailing Stop-Loss (SL) Methods Explained: The strategy dynamically adjusts stop-loss based on the chosen method. Each method has its calculation logic: - ATR: Stop-loss calculated using ATR multiplied by a user-defined factor. - Parabolic SAR: Uses the Parabolic SAR indicator for trailing stop-loss. - Supertrend: Utilizes the Supertrend indicator as the stop-loss line. - Point/Pip Based: Fixed point-based stop-loss. - Percentage Based: SL set as a percentage of entry price. - EMA: SL based on the Exponential Moving Average. - Highest/Lowest: Uses the highest high or lowest low over a specified period. - Standard Deviation: SL calculated using standard deviation. Exit Conditions: - If exit_after_close is enabled, the position will only close after the candle confirms the stop-loss hit. - If exit_after_close is disabled, the strategy will close the trade immediately when the SL is breached. Visualization: The script plots the chosen trailing stop-loss method on the chart for easy visualization. Target-Based Trailing SL Logic: - When a position is opened, the strategy calculates the initial stop-loss and progressively adjusts it as the price moves favorably. - Each SL adjustment is stored in an array for accurate tracking and visualization. Alerts and Labels: - When the Entry or trailing stop loss is hit this scripts draws a label and give alert to the user that trailing stop has been hit for the trade. Note - on the historical data The Script will show nothing if the entry and the exit has happened on the same candle, because we don't know what was hit first SL or TP (basically how the candle was formed on the lower timeframe). Summary: This script offers flexible trailing stop-loss options for traders who want dynamic risk management in their strategies. By offering multiple methods like ATR, SAR, Supertrend, and EMA, it caters to various trading styles and risk preferences.
Indicatore Pine Script®
di Shivam_Mandrai
8
Intraday Stop Loss Calculator[fitfatq]Indicator Overview Intraday Stop Loss Calculator is a practical tool designed for day traders. This indicator helps traders instantly calculate the loss percentage based on the high or low of the current K-bar relative to the entry price. It also displays the stop-loss risk based on the day's high or low. You can select either long or short mode, allowing the indicator to calculate the appropriate data according to your trading strategy. Features Current K-bar Stop Loss: Calculates and displays the loss percentage based on the high or low of the current K-bar, making it ideal for short-term trading decisions. Day Stop Loss: Calculates and displays the loss percentage based on the day's high (for short positions) or low (for long positions), helping you better manage risk by understanding the distance between the current price and key levels. Adjustable Options Minute Period: Users can select the minute period for the indicator, with a default of 5 minutes. Position Type: Choose between "Long" or "Short," and the indicator will automatically calculate the relevant stop-loss data based on your selection. Show Day Stop Loss: Users can choose whether to display the stop-loss percentage based on the day's high or low. The default is enabled. Usage Instructions Load the indicator, set the minute period, and choose the long or short mode. Depending on your trading strategy, decide whether to display the day's stop-loss percentage. When switching symbols, if the current K-bar has no movement, the indicator may temporarily not display information. This is normal behavior. Please wait for the next K-bar or manually refresh. Basic Logic The indicator calculates and displays the loss percentage based on the high or low of the current K-bar and the day's high or low, helping traders understand potential stop-loss risks in real-time. Users can adjust parameters such as color and transparency to ensure the indicator displays clearly and meets their expectations. Notes When switching symbols, if the K-bar has no movement, the indicator may not immediately update. This is due to Pine Script requiring data changes to trigger calculations. This indicator is ideal for users who frequently engage in day trading, helping you better manage risk and make timely decisions. Additionally, please note that in the Chinese version of TradingView, the long/short options might be translated as "Short-term" and "Long-term," but this does not affect the functionality of the indicator.
Indicatore Pine Script®
di fitfatq
Precise ATR Stop Loss - Daily Pullbacks [ST]Precise ATR Stop Loss - Daily Pullbacks This indicator uses ATR (Average True Range) combined with the identification of pullback lows and highs on daily charts to calculate more precise stop loss levels. How it works: Identification of Pullbacks: Pullback Lows: Identifies significant low points on daily charts that can serve as support. Pullback Highs: Identifies significant high points on daily charts that can serve as resistance. ATR (Average True Range): Measures market volatility and is used to adjust stop loss levels according to market conditions. Dynamic Stop Loss: Stop Loss for Uptrend: When a pullback low is identified on a daily chart, the stop loss is set slightly below this point, adjusted by the ATR. This level is shown by a green line on the chart. Stop Loss for Downtrend: When a pullback high is identified on a daily chart, the stop loss is set slightly above this point, adjusted by the ATR. This level is shown by a red line on the chart. Indicator Benefits: Improved Precision: Uses significant pullback points on daily charts to set stops more accurately. Dynamic Stop Loss: Automatically adjusts stop loss levels according to market volatility, providing more effective risk management. Título: Precise ATR Stop Loss - Daily Pullbacks Descrição em Português: Este indicador utiliza o ATR (Average True Range) combinado com a identificação de fundos e topos de pullback em gráficos diários para calcular níveis de stop loss mais precisos. Como funciona: Identificação de Pullbacks: Fundos de Pullback: Identifica pontos de mínima significativos em gráficos diários que podem servir como suporte. Topos de Pullback: Identifica pontos de máxima significativos em gráficos diários que podem servir como resistência. ATR (Average True Range): Mede a volatilidade do mercado e é utilizado para ajustar os níveis de stop loss de acordo com as condições do mercado. Stop Loss Dinâmico: Stop Loss para Tendência de Alta: Quando um fundo de pullback é identificado em um gráfico diário, o stop loss é colocado um pouco abaixo desse ponto, ajustado pelo ATR. Este nível é mostrado por uma linha verde no gráfico. Stop Loss para Tendência de Baixa: Quando um topo de pullback é identificado em um gráfico diário, o stop loss é colocado um pouco acima desse ponto, ajustado pelo ATR. Este nível é mostrado por uma linha vermelha no gráfico. Benefícios do Indicador: Precisão Melhorada: Utiliza pontos de pullback significativos em gráficos diários para posicionar stops de forma mais precisa. Stop Loss Dinâmico: Ajusta automaticamente os níveis de stop loss de acordo com a volatilidade do mercado, proporcionando uma gestão de risco mais eficaz.
Indicatore Pine Script®
di ArionSoteTrader
Interactive SAR Stop-Loss [TANHEF]This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (SAR Trailing Stop-loss start point). Unlike the normal Parabolic SAR, this indicator allows for the modification of the start point of the Parabolic SAR’s first bar calculation. Normally, the Parabolic SAR automatically has a start point after the first bar of an asset’s historical price that will then switch between trailing above and below price respectively. It must be noted that due to how the first position of the Parabolic SAR is calculated, on occasion the Parabolic SAR will immediately flip on the next bar to the opposite side relative to price that it was just located. Modifying the setting “⭐Initial Interactive SAR Position Source”, then selecting either 'Clicked' or 'ATR' level as the vertical start position will prevent this. See images below for more explanation. Why use a trailing stop-loss? A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point further into profit when price is moving in the desired direction of a trade. The Parabolic SAR ( stop and reverse ) which is used to determine price direction as well as when price direction is changing, is very effective at functioning as a trailing stop loss. Indicator Explanation Initially when this indicator is added to the chart, you will be prompted to select where to begin the SAR Trailing Stop-loss. For a long stop-loss, select below price. For a short stop-loss, select above price. After this indicator is placed, it can be modified via dragging or from within the settings by modifying the time and the price input. Or simply re-add the indicator to the chart. Another option is to have this Parabolic SAR begin directly on the price that was initially ‘Clicked’ or the ‘ATR’ level, which requires selecting the option in settings labeled “⭐Initial Interactive SAR Position Source” The SAR Stop Loss plotted. Note that the calculation that occurs on this first bar of the ‘Interactive SAR’ is as if the prior bar was the oldest historical bar of the asset. Due to the SAR’s calculations, if the ‘Normal SAR’ were to also flip sides over to the position that has been manually set for the ‘Interactive SAR’, they won’t necessarily have the same result. An optional fixed profit target can be added within the settings. This profit target will only actively be plotted when the SAR Trailing Stop-loss has not be hit yet or until the profit target has been hit. Here shows that the profit target was hit, then later on the SAR Trailing Stop-loss was hit. Note, trailing stop-loss will continue to be plotted until it has been hit regardless of the profit target being hit or not. Here is an example of when the Parabolic SAR will immediately flip on the next bar to the opposite side relative to price that it was just first located. This is due to how the Parabolic SAR is calculated and will also occur with the traditional Parabolic SAR that is not interactively (manually) given a start location. To prevent this, either relocate this time in which this SAR beings or consider modifying the SAR’s (start, increment, max) settings specifically. Here instead of using the SAR’s calculation for an initial bar, the ‘ATR’ was selected as the start point within the setting “⭐Initial Interactive SAR Position Source”. Alerts 1. 'Check' alerts to use within indicator settings (trailing stop hit and/or profit target hit). 2. Select 'Create Alert' 3. Set the condition to 'Interactive SAR'' 4. Select create.
Indicatore Pine Script®
di TanHef
2
Interactive ATR Stop-Loss [TANHEF]This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (ATR Trailing Stop-loss start point). See images below for more explanation. Why use a trailing stop-loss? A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point further into profit when price is moving in the desired direction of a trade. The ATR (Average True Range) which is used to measure volatility, is very effective at functioning as a trailing stop loss. Indicator Explanation Initially when this indicator is added to the chart, you will be prompted to select where to begin the ATR Trailing Stop-loss. For a long stop-loss, select below price. For a short stop-loss, select above price. After this indicator is placed, it can be modified via dragging or from within the settings by modifying the time and the price input. Or simply re-add the indicator to the chart. The ATR Stop Loss plotted. Note that the trailing value that is considered as the stop loss value is the value of the ATR from the prior candle. The settings for the ATR calculation can be modified within the settings. An optional fixed profit target can be added within the settings. This profit target will only actively be plotted when the ATR Trailing Stop-loss has not be hit hit yet or until the profit target has been hit. Here shows that the profit target was hit, then later on the ATR Trailing Stop-loss was hit. Note, trailing stop-loss will continue to be plotted until it has been hit regardless of the profit target being hit or not. Alerts 1. 'Check' alerts to use within indicator settings (trailing stop hit and/or profit target hit). 2. Select 'Create Alert' 3. Set the condition to 'Interactive ATR'' 4. Select create.
Indicatore Pine Script®
di TanHef
48