Triple ATR multiplier - 3 ATR Values in OneHere you can choose to plot 3 different ATR values in 1 window. I use this indicator to get the values of my stop loss and take profits.
You can change the multiplier value for each ATR Line and the length of the base ATR.
Ty
Stoploss
Stop-Loss order according to Average PenetrationAs a engineer, the view of signal and noise in the book of "Trading for a living"really interests me. For a trader the biggest issue is when should we enter and exit the market. The view of safety range stop loss may help to solve this problem for some beginner and give you a new idea of stoploss for you trade system
Here is the content from Trading for a Living
you may use the slope of a 22-day EMA to define the trend. You need to choose the length of the lookback period for measuring noise level. it has to be long enough to track recent behavior but short enough to be relevant for current trading. A period of 10 to 20 days works well, or we can make our lookback period 100 days or so if we want to average long-term market
if the trend is up, mark all downside penetrations during the look-back period, add their depths, and divide the sum by the number of penetrations。 This gives you the Average Downside Penetration for the selected look back
if today's low is lower than yesterday's, do not move your stop lower since we are only allowed to raise stops on long positions, not lower them
Reverse these rules in downtrends. When a 22-day EMA identifies a downtrend, count all the upside penetrations during the look-back period and find the Average Upside Penetration. Multiply it by a coefficient, starting with two. When you go short, place a stop twice he Average Upside Penetration above the previous day's high. Lower your stop whenever the market makes a lower high, but never raise it.
The important thing when you make an order is to hold your earning during a trending scenario. To avoid stopping loss by the variance in the market and to avoid big loss if the market shift to another direction in a short time.
From the graph there, I select the most recent trend up period in the Bitcoin and adjust the parameters according to this trend.
As you can see, the stop loss is away from the lowest price in bar, so that you will not be forced to exit the trade by small turbulence. You can hold your order and need to worry about missing the trend. But there are always sharp plunges in the uptrend. you can see two cursors on the graphic. The stop loss will help you avoid this plunge.
But in my opinion, this will be the hard stop loss in your trade. Help you to keep profit and avoid big loss. To maximize the profit, you had better to build you own strategy.
When I try to create this indicator, it is found that two rule for this indicator
1. you had better to use it in a clear trend range. Since the stop loss can only be higher in a long condition and lower in a short condition. If you use it in a volatile market., then stop loss doesn’t make any senses.
2. you need to adjust those parameters according to the market and the trend you are in. Some people like to avoid big loss, you can set them this depending on you experience
Last, this is getting from the view in the book, i didn’t do any back test for it. So please be careful to use it and let me know if you have any suggestions or ideas.
MACD VWAP IndicatorThis indicator uses a combination of the VWAP, EMA 9 and parts of the MACD in order to detect a bullish or bearish trend.
How to trade it:
Set SL either below or above the VWAP line (orange) and TP to 1:1.5 ratio (depending on last few candles, of course).
If EMA200 is close by then place SL either below or above EMA200 (blue) and TP to 1:1.5 ratio
Important:
Best traded in 15M, 30M => Intraday.
Have fun! :)
[CP]ATR Triple Stop Loss LevelsATR based Triple Stop Loss levels that are plotted on the chart (like moving averages!).
With ATR Levels plotted on the price chart itself, you can better set your volatility based trailing Stop Loss.
Also helps to define the SL when making an entry into a stock.
Note:
This indicator is supposed to be used on Daily and Weekly Charts.
For other timeframes you would need to tweek the default parameters.
Trailing Stop LossTrailing stop loss indicator to determine when to exit a position.
Multiple trailing stop loss calculation techniques are implemented:
ATR: Determines stop loss using a gap from recent highest value, that gap is defined by the ATR value and a multiplier
MA: Just a simple moving average used as a stop-loss
Percentage: Uses a percentage of the price
The script also implements alerting to be notified when the stop loss price is reached.
Stoploss indicatorGood for setting trailing stops and stoplosses when your taking a scalp etc, most recommended for manual trailing stops
ATR Stop Loss LONG/SHORT by melihgulerYou can monitor the stop loss level according to ATR in 2 ways (Long/Short).
Moving Stop Loss (Most) by ceyhunATR is an indicator that has been removed and replaced with a moving average.Bar colors and infopanel have been added.
//Barcolor
Green = ExMov > Most and close > Most and low > Most
Blue = ExMov > Most and close > Most and low < Most
Red = Most > ExMov and close < Most and high < Most
Yellow = Most > ExMov and close < Most and high > Most
//It gives White color where there is deterioration.
//InfoPanel
Buy Price = Blue draws the circles at the purchase price.
Profit Long>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish.
Sell Price = Red draws the circles at the purchase price.
Profit Short>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish.
==Atr Original Code==
CDC ATR Trailing Stop V2.1 (2013)
==Most Code==
MOST by Anıl ÖZEKŞİ
Barcolor
Barcolor
2% StopThis indicator is simply based on the 2% rule, you must insert the entry point (the price at what you bought) by clicking the gear on the top left.
If you see the chart different is becouse the default entry is set to 1 and but it fixes if you set the proper entry price.
a little bit about the 2% rule :
Following the 2% Rule will keep any loss in your account to a rela-
tively small, livable size.
The 2% Rule prohibits you from risking more than 2% of your account
equity on any single trade.
This Rule does
not limit your position size—it only limits your risk.
Of course, if you are planning to hold your position down to zero,
then its maximum size would have to be capped at 2%. On the
other hand, if you do a much more sensible thing and use a stop, your
risk per share will decrease, and your permitted size will increase.
The distance from your entry price to the stop level defines your
maximum dollar risk per coin.
The 2% Rule defines your maximum risk for the entire position.
Knowing the risk per share and the total permitted risk makes it
easy to calculate the maximum number of coins /shares you may trade.
Credit about this idea goes to Dr Elder Alexander.
High/Low stopFirst of all let me quote some important points :
• You need stops; a trade without a stop is a gamble.
• You need to know where you’ll put your stop before you enter
a trade.
• Everybody needs hard stops.
• Whenever you change a stop, you may move it only in the direc-
tion of the trade.
There is a variety of techniques available to traders who like to use
trailing stops:
• You can use a multibar low as a trailing stop; for example, you
can keep moving your stop to the lowest low of the last three
bars (but never against your trade).
• You can trail prices with a very short moving average and use its
level for a trailing stop.
• You can use a Chandelier stop—every time the market makes a
new high, move the stop within a certain distance from the top—
either a specific price range or a number based on an ATR (aver-
age true range). Any time your stock makes a new high, you place
your stop within that distance from the top, like hanging a chan-
delier (this method is described in Come into My Trading Room).
• You can use a Parabolic stop .
• You can use a SafeZone stop .
• You can use a Volatility-Drop stop (described below, for the first
time in trading literature).
• You can use a Time Stop to get out of your trade if it does not
move within a certain time. For example, if you enter a day-trade
and the stock does not move within 10 or 15 minutes, it is clearly
not doing what you expected and it is best to scratch that trade.
If you put on a swing trade which you expect to last several
days, but then a week goes by and the stock is still flat, it is
clearly not confirming your analysis and the safest action would
be to get out.
This is a summary taken from Dr Elder book and this indicator i coded from one of his book where he briefly mention this trailing stop technique but don't dive a lot into it, but still i found to be very effective.
You can use even the short stop (the green dots) as an entry point.
ST0PST0P is a kind of a TRAILING STOP LOSS INDICATOR in which users can set up LONG or SHORT trade versions and also can set up a STOP LOSS level by percent % or unit difference.
It tries to solve the problem of stop loss indicators' default BUY or SELL settings and non adjustable stop levels of % and difference change in price levels.
(Will try to make updates to add user defined start bars.)
Kıvanç Özbilgiç
Trailing SL Alerts [QuantNomad]It's alerts version of my Trailing SL strategy:
Use "Once Per Bar" param when creating alerts.
Profit and Stoploss CalculatorThis script is designed to display three stop loss areas to assist either with automation of risk management or identify and alert when price is in a range of a trade for risk to reward ratio.
In this version there are three stop losses and 1 PT. Mainly because i will most likely only be using 1 of the SL to pair with the PT.
Stoploss areas are displayed on both sides of the price for long and short calculations along with the two profit factors but the settings in the indicator it self apply to both sides in terms of percentage.
ATR based Stop and Take-Profit levels in realtime Little tool to quickly identify stops and take-profit levels based on Average True Range. User can change ATR multipiers, as well as the ATR length used. Green and red lines show these levels; plot is visible over last 8 bars only to reduce clutter. Label showing the current ATR, up above the last bar
Trend TrailingAndrew Abraham
It can be used as:
- stop loss indicator
- indicator of support and resistance
- buy and sell signals
Trailing Stop Loss ATR + AlertI share this TSL indicator with alert (I use it only for Stocks), the configuration is very simple, you must select if it is a Short or Long operation, time at which the operation was opened,% of the daily ATR for TSL. It also contains:
- Alert
- Panel Info
Calculator (weighted) - evoA tool to calculate the average price and position size.
The "Risk Amount" input means the amount of dollars you lose if the trade gets stopped out (it should be based on a small percentage of your account).
TIPS
- If you use the weights to calculate an average price, make sure it adds up to 100% in total or you will get a weird number.
- Keep an eye on the risk amount if you take a trade, if I ever update the script it might set back to default which will change your position size.
- I tested it all but you might trade in a different way than me, so do your own calculation for every new thing you try with it.
If you find any bug please tell me so that no one ends up with a weird calculation or position size.
Maximum True RamgePlots the the highest true range for the entire dataset.
Beneficial for determine an emergency stopp loss.
Guppy CBLThis is the Count Back Line script from the book Guppy Trading by Daryl Guppy.
It is usually used as a stop loss line, but can also be used to find entries.
Hope someone finds it usefull, if you find anything that is wrong with it, please let me know and I will try to fix it.
This is my first PineScript, hope it is working as intended.
Market Adaptive Stop-LossI realized that the zone changes in the stoploss remained slow, so I couldn't make enough use of the characteristics of technical indicators when opening positions.
This pushed me to keep stop-loss under the influence of a dependent variable.
This script helped me a lot (everget) :
I've redesigned the stop-loss to be affected by intersections.
Therefore, this script is also suitable for adaptive moving averages, fractional periods.
Script features:
1.You can select calculation methods created by using various technical analysis methods from the scripts' settings:
-Moving Average Convergence Divergence ( Macd )
-Stochastic Oscillator ( Stoch )
-Stochastic Relative Strength Index (StochRSI)
-Stochastic Money Flow Index (StochMFI ) (More info : )
-Know Sure Thing ( KST )
-OBV ( On Balance Volume )
-SMA ( Simple Moving Average )
-EMA ( Exponential Moving Average )
-FISHERTRANSFORM ( Fisher Transform )
-AWESOMEOSCILLATOR( Awesome Oscillator )
-PSAR ( Parabolic Stop and Reverse - Parabolic SAR )
-HULLMA( Hull Moving Average )
-VWMA ( Volume Weighted Moving Average )
-RMA (Moving Average using in Relative Strength Index calculations.)
-COG (Center of Gravity )
-ACC-DIST ( Accumulation / Distribution Index )
2 - The region is determined according to the above calculation methods and if it is larger or smaller than the previous stop loss level.
And if the price in the negative zone is lower than the stoploss, it is the exact signal and is shown with more highlighted colors.
And, in the positive zone, where the price is greater than the stoploss, the trade zones are certain.
Shown with more highlighted colors.
If the zones are correct but stop-loss is not suitable for opening positions:
In other words, if the stop-loss is above/under the highest-lowest levels in the positive zone or if the stop loss is located in the lower zone in the negative zone, these zones are shown to be darker and dimmed so that they do not cause false movements.
*** SUMMARY : As a result, you can use this script with support and resistances,and trend lines to get good results.
I hope it helps in your analyzes. Best regards.
Experimental Entry Interface (Buy Arrows with TP & SL)This script provides high probability entry points and includes Take Profit and Stop Loss targets.
It attempts to predict when the market conditions are set to move up, and prints long positions.
In addition to Long Entry Arrows, it will print Take Profit / Stop Loss targets.
This indicator is highly adjustable. Hence the name 'Experimental' in the title. Experiment with it to find the results you want.
Designed for use on the 1H timeframe in Forex, but could possibly be useful elsewhere. Do your own testing.
This indicator can repaint. It is best used with alerts set for once per bar close, so that your alerts do not repaint and your trades are solid.
Not ever signal is a winner. Backtest thoroughly. Adjust accordingly.
Arrows
Four sets of colored arrows are included.
💵 💶 Green and Blue Entry Arrows are formed when the market is in an uptrend, and has a momentary pullback.
💴 💷 Yellow and Purple Entry Arrows are formed when the market is just starting to recover from being severely oversold.
Backtest Mode
Turn on Backtest Mode to easily see if an entry ended up as a winner or loser. A Take Profit and Stop Loss line will be drawn to show results.
Take Profit & Stop Loss Targets
You have two options for this.
Price will show you where your TP/SL exits should be placed. These values will show up under the arrow, based on your Risk/Reward ratio.
Pips are much more simple, and will only show you the market entry point and how many pips up/down to place your SL/TP. Warning: This is fixed at a 1:1 RRR .
Risk/Reward Adjustment
Each entry arrow color allows custom risk/reward ratio adjustment.
Dollar Amounts Displayed
Change your account value and leverage to see how much you would have won on each trade.
How to trade with it?
(Forex, 1H) Open the settings, and turn on all the arrow entries. Turn on Backtest mode to see how past trades would have played out. Turn on TakeProfit/StopLoss Targets to see where to set your targets, for each arrow. Set an alert to notify you once per candle close when there is an Entry. Trade happy!
Bill Williams Alligators are also included, if you want. Not necessary though. Some of the calculations depend on them for trend direction analysis.
Average True Range Multiplied (Volatility Stop)Plots crosses above and below the current price giving you the ability to quickly set your stop loss (or the 1st profit target) depending on a custom variable by which the average true range is multiplied with the option to specify the length as well as the type of the moving average (RMA, SMA, EMA or WMA) that are taking into account.
Optionally, you can disable showing of the crosses on the chart and just let the indicator display the calculated value by itself.