This is a demo of ATR based trailing Stop Loss.
This SL strategy uses 2 types of ATR based SL.
tight SL as initial (ATR * 1.5)
slack SL as trailing (ATR * 4)
When any entry singal occurs by the buy/sell conditions, this SL strategy uses the "tight SL" as the initial SL.
Then the SL will chase the price as trailing SL. However, this strategy uses the...
This strategy will enter into long position based on the volatility of prices implied by indicators of (a) Bollinger bands, and (b) ATR.
Application of Bollinger bands ("BOLL")
Using plain vanilla settings for BOLL (i.e. 20 period moving average, and 2 standard deviations of closing prices), we are interested to know about the shape of the area that is bounded...
This strategy is based on two of my previous scripts, one called “RSI14 + 10”; the other one called “Bollinger Bands Consolidation”. At its core, it combines the main setups from each of those two scripts but excludes the auxiliary features that were considered as experimental. This strategy will identify periods of squeeze, and then enter long during...
This strategy uses 60 minute and 15 minute stochastic data to determine entry and exit; it only executes long trades. I've only used this on BTC/USD, but I imagine the concepts employed should hold for any ticker
The script builds a simple Stochastic indicator for the current timeframe, and it also plots a single stochastic line for a higher resolution time...
This strategy uses RSI14 for entry and exit signals; applies RSI10 for confirmation. The thresholds can adjusted in Settings.
Trailing stop can also be applied if wanted.
Tested on daily/hourly charts.
This strategy will look for opportunities when price touches the lower Bollinger band, then enters Long when it anticipates a MACD crossover signal.
Setup: on 1-day chart interval
Exits when either (a) hitting trailing stop loss, or (b) meeting risk-to-reward, if defined by user.
This indicator was invented in 2001 by Konstantin Kopyrkin. The name "Nick Rypock" is derived from his surname reading in the opposite direction:
Kopyrkin -> Kopyr Kin -> Kin Kopyr -> Nik Rypok
The idea of the indicator is similar to the Chandelier Exit, but doesn't involve ATR component and uses a percentage instead.
A dynamic price channel is used to...
PMax is a brand new indicator developed by KivancOzbilgic in earlier 2020.
It's a combination of two trailing stop loss indicators;
One is Anıl Özekşi's MOST (Moving Stop Loss) Indicator
and the other one is well known ATR based SuperTrend.
Both MOST and SuperTrend...
This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines.
This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002).
In short, this is a...
TRAILING STOP LOSS INDICATOR is a helpful tool for traders to help one of the greatest problems that they face: where to sell?
by using trailing stop loss you can easily decide and see possible downward movements and understand if you are in a safe zone.
Using Trailing Stop Loss is just simple:
Go short/ Sell when price crosses down the indicator,
This is a redesign of the built-in Parabolic SAR indicator. I added a proper input system, an option to highlight initial points for both lines and an option to choose points width. So, customize it as you want.
Parabolic SAR was originally developed by J. Welles Wilder and described in his book "New Concepts in Technical Trading Systems" (1978). It is a...
The general idea of using SwingArms is to provide a visual confirmation of a trend change.
Green for bullish (BUY)
Red for bearish (SELL)
A color-coded system providing an easy way for a novice to understand.
Converted to TradingView based on the work of Jose Azcarate.
I hope you guys enjoy.
After studying several other scripts, I believe I have found the Holy Grail! (Or perhaps I've just found a bug with Tradingview's Pinescript v4 language) Anyhow, I'm publishing this script in the hope that someone smarter than myself could shed some light on the fact that adding a trailing stop to any strategy seems to make it miraculously...no that's an...
Unlike the built-in version, you can configure how many bars it takes to confirm a fractal. This indicator plots all Williams high and low fractals, and a stop line that trails the fractals up and down. Includes long and short stop alerts. You can choose whether the trail flips long-short based on the price being exceeded within a candle or on candle close. This...
I 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:
- Panel Info
Simple visualisation of Average True Range in Pinescript V4.
The script has two modes: Running and Trailing.
In Running mode, it continuously displays the ATR above and below the price. Specifically, it displays the High and Low price plus and minus the ATR times a user-supplied multiplier. This can be helpful for visualising volatility.
In Trailing mode, it...
Trailing stops play a key role in technical analysis and are extremely popular trend following indicators. Their main strength lie in their ability to minimize whipsaws while conserving a decent reactivity, the most popular ones include the Supertrend, Parabolic SAR and Gann Hilo activator. However, and like many indicators, most trailing stops assume an...
This is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines.
SuperTrend is a moving stop and reversal line based on the volatility (ATR).