Trailing Stop Loss
Trailing stop loss indicator to determine when to exit a position.
Multiple trailing stop loss calculation techniques are implemented:
The script also implements alerting to be notified when the stop loss price is reached.
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.
Versionsinformation:
Update to Pine Script v5