OPEN-SOURCE SCRIPT
Trailing Stop
Most of the trailing stops on TradingView are made of using the lowest lows and the highest highs. Not many are based around what I called the volatile trailing stop.
This is where the trailing stop will move around according to a set percentage difference from the previous closing value. This allows you to say "If the current bar moves x percent, then stop". The script I've made here is a simple version of that with a few options for smoothing and setting the percent change.
Disclaimer: This is not financial advice, please do your own research before making any decisions.
This is where the trailing stop will move around according to a set percentage difference from the previous closing value. This allows you to say "If the current bar moves x percent, then stop". The script I've made here is a simple version of that with a few options for smoothing and setting the percent change.
Disclaimer: This is not financial advice, please do your own research before making any decisions.
Skript med en öppen källkod
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. Du kan ange den som favorit för att använda den i ett diagram.
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