What does this script do ?
This script is for pine script programmers and explains how to implement a dynamic stop-loss strategy. It is different from trailing stop-loss. Trailing stop-loss can only set the retracement value, but this script can take profit on part of the position at a fixed price and allows users to decide whether to take profit on all positions...
This script is designed as an ATR-based trailing stop tool to assist in managing open positions.
Once you're involved in a profitable trade, if you add this script to your chart you'll be prompted to select a bar to begin trailing from.
You can then adjust the candle lookback distance for swing high/lows (7 by default), the ATR multiplier (1.0 by default), and...
"How to code moving stop-loss mechanism", is one of the most often repeating questions in private messages I receive, so just to focus on this mechanism, I made a spin-off from my previous script: TradingView-Alerts-to-MT4-MT5-dynamic-variables-NON-REPAINTING .
The logic here moves the stop-loss each time a trade is running and a new pivot high/low is detected....
This Indicator uses Average True Range (ATR) to determine a safe place to put stop losses to avoid being stop hunted or stopped out of a trade due to a tight stop loss. Default multiplier setting is 1.5. For a more conservative stop loss use 2 and for a tighter stop loss use 1. ATR and stop loss prices are displayed in table at bottom of screen. Use high(red) for...
SL Hunter Tracker
coded by Bogdan Vaida
SL Hunter Tracker is a meticulous hunter that tracks SL hunters.
First it plots the fractals on the chart, then it draws lines from them
to the last wick that touched that height. You can add sweep alerts, once
per bar close, so that you get notified when a wick was touched.
Tested on: EURUSD 30'
This is an alert script using Pinescript version 4. This enables one to set 5 alerts (1 StopLoss, 4 Targets), on 3 different symbols, at using a single alert in the UI.
Every visible line will only appear on the symbols that are selected. After setting targets when making an alert, select this indicator as a condition. Change the name to whatever you want, usually...
SuperTrend with position sizing calculator.
This is based on SuperTrend by Kivanc. I only added the position size calculation and displaying the result.
Trading is a lot about risk management too. I created this script to help with setting and moving a proper stop-loss. It plots an area that is a result of adding and subtracting both average true range and something I call "false range".
►The Average True Range is calculated as the candle's high-low. If there is a gap, it is added to complete the result.
►My own...
Where to put your stop-loss to avoid accidental exit. Configure your risk level. If you are in a long position and significant profit, increase the parameters to reduce the risk of accidental exit.
FINALLY!
As everyone who tried to create, understand, or even find the Buff Pelz Dormeier Anti-volume stop-loss indicator knows that - it's not easy. Personally, I have partially, or perhaps completely figured out, the tips Buff had given in Investing with Volume Analysis book.
AVSL now is ready.
Please do some test and give me a feedback how it works in your...
This simple indicator will plot the take profit and stop loss values based on the ATR indicator.
It's possible to set how many times the ATR value will be applied to the closing price and
what trade type is used, Long or Short.
ATR 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...
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Percent Trailing Stop (%) - { FOR STUDY SCRIPTS }
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Wow - this is an example of how to implement Alerts relating to a Trailing Stop (%) within your Study Script. It's taken a bit of effort to get this working but I think we got there!
Alerts include Open Long/Short, Trailing Stop Hit, and (the most important one) Movement of Trailing...
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Fixed Percent Stop Loss & Take Profit % - { FOR STUDY SCRIPTS! }
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A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price - This is for setting Alerts within your own Study Script for when either your SL or TP get hit.
Yup, that's about it!
You can ignore the actual entry/exit orders - they're based...
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Fixed Percent Stop Loss & Take Profit %
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A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price.
Yup, that's about it!
You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT really profitable and NOT recommended!
You should be using...
