Tiger's Stop - Objective Stoploss SettingTrading 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 False Range just candle bodies. It is calculated as an absolute value of (close-open).
Then, Rolling Moving Average is applied on both ATR and False Range to get an idea of how far the price tends to extend out of pure randomness. The resulting value is multiplied by a Multiplier.
The next step is an addition of the values to the higher part of the candle for short or a lower part of the candle for long. I prefer a special calculation instead of using Highs and Lows because it allows for more precise observation and stop-loss set up for less wicky symbols.
►►►Additional Functions
• Smoothing - applies moving average to candles from which range distance is calculated. This can achieve good smoothness but higher values will lead to using outdated price in the SL area calculation.
• Enable/Disable - if you know the direction you are going to trade in, it is good to disable either Long Stop-Loss Area or Short Stop-Loss Area. Just untick it in the settings.
►►►Actual Using
Before using the script to set your stop-loss, check the historical data and find a similar set-up. Is it engulfing you use as a trigger? Find a different one and see how effective the stop-loss based on the ATR*multiplier was. This will help you to optimize Multiplier value. A picture shows such research for a double top. You should find more similar situations to find an optimal value.
Ultimately, the indicator still gives you relatively a lot of freedom with your stop-loss settings (at least, that is with the default settings). You need to decide how loose stop-loss you want to set. Average True Range is the furthermost part which will make for a very large stop-loss, on the other hand, False Range might be triggered by a villainous wick unnecessarily. The choice should depend on the specific symbol you trade and perhaps, you will learn to set stops regardless of the indicator.
A little trick : 1. You can set the loosest stop-loss and set a TradingView alert for where the tightest stop-loss would be. When alerted, you will get the opportunity to reconsider the trade and take a loss if needs be or exit if a candle closes there. 2. Mostly for cryptocurrencies, you can set the tightest stop-loss to protect yourself from sudden spikes. If the price approaches it slowly enough, you can move the stop-loss to the further part of the channel. This is not the same as moving stop-loss indefinitely with hopes of reversal if you plan it from the beginning and a smaller stop is meant to protect you from spikes that are not always predictable and drive to both directions.
►►►Advantages of trailing stop-loss
I usually stick with my original stop-loss instead of moving to break even. If my entry area was functional support once, it may work again and is, therefore, still a good entry zone. But an alternative used to preserve as much of the profit as possible is trailing.
Trailing is setting a specific value in ticks or a calculation of how to move the stop-loss whenever the price moves in your favor. Tiger's Stop can be used this way. Whenever there is a new value as the candle closes and that value is closer to price than your current stop-loss, you can update it. However, if it moves further from your price, don't change the stop-loss. This can be a little tiresome if you do it manually but should be worth the effort.
I usually start trailing only after the price moves significantly in my favor that allowing it to return to the entry price would not make any sense.
►►►Feedback and optimization
The preview chart is chosen entirely at random and the values are not optimized for any specific symbol. If you opt to use it, let me know which values work for you the best, I'll add it to the description when I update it.
Furthermore, let me know if you think any sort of alerts would be useful with my script.
Good luck!
Stoploss
Anti-Volume Stop Loss multi timeframe [LM]Hello Traders,
I would like to introduce you fork of popular indicator Anti-Volume Stop Loss created by Buff Dormeier and cracked here on tradingview by @Rafka so shout out to him. I have tried to crack it myself as well as I'm big fan of Dormeier's work but it's not easy so really big thanks to Rafka
I have refactored original script and have included multi timeframe setting.
As its shown below you can select higher timeframe to track lower one:
Enjoy!
MACD 50x Leveraged Strategy Real Equity Simulation Hello, I wrote this script to merge the two scripts I shared before.
The aim here is to see the real value of the state of the capital as a result of leveraged transactions and to combine both long and short directions.
Scripts :
MACD Long 50x Leverage Strategy :
MACD Short 50x Leverage Strategy :
The parameters have not changed so they are the same as the previous two scripts:
Adding margin: Forbidden or not specified. (Add Margin : No)
Position Size : %1 (0.01) (For each trade)
Stop-Loss : %2 (For each trade)
Long : Crossover(delta,0) (Standard MACD)
Long Exit : Long Stop Level or Short Entry
(In the case of Long Stop, all trades are closed and no positions are opened in short direction.)
Short : Crossunder(delta,0) (Standard MACD)
Short Exit : Short Stop or Long Entry
(In the case of Short Stop, all trades are closed and no positions are opened in the long direction.)
NOTE :
This is a simulation made using standard parameters, showing the state of the balance in very simple rules with leveraged transactions only.
The nice thing here is the direct observation of the results by making modifications on the strategy parameters.
Regards.
Trend Surfers - Fix Stoploss PickerThis study include 3 types of stop-loss (ATR, High/Low and Pivot point)
This script aimed to help new traders to respect risk management.
Simply select which stop-loss you would like to use in the settings and the suggested stop-loss will be displayed on the chart for Long and Short positions.
Please let me know in the comment if you would like me to add more indicators for the stop-loss in this script.
Hope you like it!
MA, MATR, ChEx | All in One - 4CR CUPIn trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful.
This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management indicators:
MA - Moving Average
MATR - Moving Average less Average True Range
ChEx - Chandelier Exit
This script further enhances the setting so that you can easily customize the indicators.
For both the Moving Averages and the Moving Average less Average True Range , you can pick a type of moving average which suits your analysis style from a list of commonly used moving average formulations: namely, EMA , HMA , RMA, SMA and WMA , where EMA is selected as default.
The Moving Average less Average True Range , MATR, is usually applied as a reference to set the initial stop loss whenever opening a new position.
The abbreviation, MATR, is picked, so that this can serve as a handy reminder of a very good trading framework as elaborates as below:
M – Market Structure
A – Area of Value
T – Trigger
R – Risk Management (aka. Exit Strategy)
Game PlanAllows to automatically calculate Ali Persembe's, who wrote Teknik Analiz mi Dedin? Hadi canım sende, Game Plan Strategy
What is the Game Plan?
ALi Persembe claims, If you create a game plan for yourself and follow this plan completely, you will increase your profit. He tells that there is nothing to surprise you when your stop loss and target is determined in your game plan. You only need to follow this plan.
How does the indicator work?
It helps you determine your target price and stop point according to the risk ratio you will take on the basis of Atr, regardless of technical analysis.
The minumum risk ratio is calculated as 0.5 Atr according to the Atr 14 period. It automatically sets 2.5 times the risk ratio taken as your target price.
With this game plan, the more goals you reach by trading, the more profitable you will be. By reaching your target at risk ratio, you can determine the stops that follow the
Allows you to move your stoploss level up.
You can change your risk rate in the indicator settings. Minumum risk rate can be 0.5 maximum can be 5.
You can also choose the time you want to calculate your game plan from the indicator settings. Calculation can be made up to 100 bars before.
This indicator helps you to set a target on the basis of ATR, independent of technical analysis.
ATR Stop PriceSet stop price and add-position price according to the cost and current ATR.
You may set an alert with the condition when the stock price crossing down the Stop Price.
Example:
stock price: $150
volatility multiple: 2
current ATR: $3
stop price = $150 - $3 * 2 = $144
add-position price = $150 + $3 * 2 / 2 = $153
Stop Hunt (Nephew_Sam_)Finds and plots stop hunts / raids between fractal points.
If a candle wicks above/below a fractal and close back in its range, it will plot a line and/or dot based on preference.
Also able to filter a time period, meaning it will only plot if the stop hunt happened inside the time period.
Other options:
- Draw fractal points
- Choose between 3 or 5 bar fractal
- Set how far back you want to check for a stop hunt
- Change line color
Indicator - ATR Profit Loss - DGHi Traders,
This is an on chart indicator that can be used for setting take profit and stop losses very easily using the Average True Range Indicator (ATR). Using a volatility adjusted TP and SL will allow you to set your targets and losses based on market conditions. In the settings, you are able to adjust how much of a multiplier you require depending on your risk tolerance and strategy. For those that follow the NNFX method, the defult settings are preset to 1xATR TP and 1.5xATR SL.
How to use:
- For longs, 'isLong' box must be ticked, for shorts, this box is unticked
- For longs, green line is TP, red line is SL
- For shorts, red line is TP, green line is SL
Regards,
Dillon Grech
ATR Stop (Adaptive and Advanced)Hi everyone I am excited to share with you all a tool that has been in a lot of my research lately I and think would greatly benefit everyone.
In the last years I have fallen in love with ATR stoplosses/ stop and reverses. However all the ones offered in the community lacked the features that I wanted to have, so I built them all myself and want to share them with you all today!!!
Assuming that you are already familiar with ATR stops, here is what is new and improved with this version:
1. This script takes anything as an input! As you can see in the chart above I have used an EMA as an input into this script and this greatly smoothed out the results while still allowing for phenomenal entries with minimal whiplash. You can use this tool on anything now, from moving averages to oscillators.
2. Previous scripts were not adaptive, you can now choose how adaptive this script is! Increasing this number allows this ATR stop to follow price when it is running away so you don't have to give back much profit. Likewise it makes sure that the ATR stop slows down when the market is ranging so you wont get randomly stopped out.
3. You can now get it to start at the exact moment you enter your trade! Previous scripts had the ATR stop running forever which wasn't helpful if you only needed it for your own trades. You can now set it to start at the exact time of your trade if that is the only time you need it!
4. Now you can easily get alerts when the ATR stop gets hit.
Hope this helps you all!
Pyramiding Entries On Early Trends (by Coinrule)Pyramiding the entries in a trading strategy may be risky but at the same time very profitable with a proper risk management approach. This strategy seeks to spot early signs of uptrends and increase the position's size while the right conditions persist.
Each trade comes with its stop-loss and take-profit to enforce a proportional risk/reward profile.
The strategy uses a mix of Moving Average based setups to define the buy-signal.
The Moving Average (200) is above the Moving Average (100), which prevents from buying when the uptrend is already in its late stages
The Moving Average (9) is above the Moving Average (100), indicating that the coin is not in a downtrend.
The price crossing above the Moving Average (9) confirms the potential upside used to fire the buy order.
Each entry comes with a stop-loss and a take-profit in a ratio of 1-to-1. After over 400 backtests, we opted for a 3% TP and 3% SL, which provides the best results.
The strategy is optimized on a 1-hour time frame.
The Advantages of this strategy are:
It offers the possibility of adjusting the size of the position proportionally to the confidence in the possibilities that an uptrend will eventually form.
Low drawdowns. On average, the percentage of trades in profit is above 60%, and the stop-loss equal to the take-profit reduces the overall risk.
This strategy returned good returns both with trading pairs with Fiat/stable coins and with BTC. Considering the mixed trends that cryptocurrencies experienced during 2020 vs BTC, this strengthens the strategy's reliability.
The strategy assumes each order to trade 20% of the available capital and pyramids the entries up to 7 times.
A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
SMA + Trend Strength + Trailing Stop LossThe 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given conditions at a time, which are represented as a trend meter on the bottom right of the screen. A trailing stop loss indicator is included to secure your profits or limit your loss in case the market reverses on you unexpected. Please use this indicator responsibly with proper risk management, and never rely on the indicator by itself for buy and sell signals.
When the simple moving average color is green, it means that at least 4 of 5 conditions are confirming a move upwards, this is when you can take an entry into a trade based on your entry strategy. As the trend continues, the color will eventually change to yellow signaling a divergence. This is when you can use your exit strategy to find a good point to sell. It is wise not to take new positions when the color is trending yellow.
If the color changes from yellow to orange, that is a warning sign that the trend is about to change or has begun to change. Prices may have already fallen. However, sometimes the color will change from yellow back to green signaling a continuation of the trend. You can either keep holding or take a new position in this instance.
When the color is red, this signals fear in the market, you should stay out of the market at first. However, as the market consolidates and the color starts changing back to orange, this is an opportunity to take a long position at a reasonably low price.
Simple Moving Average (13-Bar) Color Explanation:
The colors change based on 5 market conditions represented in the trend meter.
Green: Strong Uptrend
Yellow: Divergence Present
Orange: Warning
Red: Fear
Trend Meter Explanation:
The trend meter draws 5 arrows indicating bullish or bearish presence.
LL = Lower Lows - Detects when the market is trending with lower lows.
HH = Higher Highs - Detects when the market is trending with higher highs.
MA = SMA Direction - A formula is used to determine the direction of the SMA.
DI = Directional Index - Identifies when upwards momentum is trending.
RSI = Relative Strength Index - Identifies when the RSI is in an uptrend state.
Note: For advanced users, this indicator has a hidden DMI(4, 4, 4) and RSI(14) indicator used to determine the last two conditions. The Directional Index is based on a DI Plus momentum moving average to determine a momentum trend and the RSI trending over 50 will constitute an uptrend signal as below 50 it will point down.
Trailing stop loss:
The trailing stop loss is determined based on the lowest price of the last 8 bars.
A gray step-line is drawn at the suggested stop activation price.
A red step-line is drawn at the suggested stop limit price.
When the price breaches the trailing stop, a red X will appear below the bar.
You can turn each of these features on or off based on your preference. Happy trading!
Percent Drop from Highest HighBuy and hold investors may decide to use trailing stops to protect profits and capital from market crashes, especially during bull markets.
The purpose of this indicator is to hep investors to identify a location to place them. The indicator plots the highest high from 'x' bars ago. It then plots a trailing stop loss 'y' percent below that line.
The indicator enables its users to input different 'x' and 'y' values to observe what they think works best for them in different markets.
Users might choose to pair the indicator with trend confirming indicators, such as moving average cross overs, to determine that the market is trending and not ranging.
There is no magic in this indicator, only maths. Like every indicator, it has no ability to predict anything. Just because the market is doing one thing now, it might do something different later. The past does not equal the present nor the future. Make your own decisions and be responsible for them.
All the best to you and your family.
Chandelier Exit | SAR/Long Only (4CUP)As introduced by StockCharts.com, Chandelier Exit was developed by Charles Le Beau and featured in Alexander Elder's books, this sets a trailing stop-loss based on the Average True Range (ATR).
Chandelier Exit can be formulated as a stop-and-reverse (SAR) or as a traditional trailing stop-loss version shown by Stockcharts.com.
The main difference is that, in SAR version, the indicator is usually formulated in a higher of previous or spot indicator (HPS) for long and lower of previous and spot indicator (LPS) for short position.
This indicator is coded to show both the SAR version and the traditional one shown by Stockcharts.com (for long position) by simply clicking a tick in the Version box.
The ATR multiplier is relaxed to allow non-integer input, like 3.5, 4.25, ... for a greater flexibility to tailor your best-fit exit strategy.
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
Buy the Dips (by Coinrule)Taking your first steps into automated trading may be challenging. Coinrule's mission is to make it as easy as possible, also for beginners.
Here follows the best trading strategy to get started with Coinrule. This strategy doesn't involve complex indicators, yet was proved to be effective in the long term for many coins. Results seem to be improved when trading a coin vs Bitcoin.
The strategy buys the dips of a coin to sell with a profit. A stop-loss protects every trade.
Crypto markets offer high volatility and, thus, excellent opportunities for trading. Excluding times of severe downtrend, buying the dip is a simple and effective long-term trading strategy. The buy-signal is set to a 2% drop in a 30-minutes time frame.
Each trade comes with a take profit and a stop loss. Both set at 2%.
You can adjust these percentages to the market volatility as an advanced setup. You can backtest the outcomes using the backtesting tool from Tradingview
The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
TimeframeBoxes(DailyBox) With E3Levels - SaeedKhakestar Method*** This is a Repaint Indicator that uses HIGH & LOW of Previous Range in the Custom Period(12H,1D,2D,3D & Weekly) for Trading In the Present with E3 Levels
TimeframeBoxes(DailyBox) With E3Levels - SaeedKhakestar Method
Version 1.00
Created by TWA_TradeWithAmir(TWA_PriceActionTips)
Updated 10/29/2020
Based On SaeedKhakestar Method(Trigger Price Action)
*With Entry Range
*With E3 Levels
*12H,1D,2D,3D & Weekly Boxes
*Entry Range & E3 Levels Belongs to Previous Box
*TRex Method
TBT Stop Loss Hunting AlertPurpose:
The TBT Stop Loss Hunting Alert is a simple early warning system that indicates when Bitcoin could have unexpected volatility (in either direction) within a 24 to 48 hour time frame as you can see above (indicated by the red bar/column in the indicator lane). By knowing when there could be possible upcoming volatility for the price of Bitcoin, traders can take preventative measures to protect open positions to preserve profits.
Time Frame:
While you can view this indicator on any time frame, it was originally created with the 6-hour time frame in mind. Because of this, the indicator can be set to "same as symbol" (the indicator will adapt to any time frame you use) or "6 hours" (the original and intended time frame). Please understand that the alert will show "noise" (false positive signals) on faster (lower) time frames. This is another reason to keep the indicator on the 6-hour time frame in its settings.
Metrics:
The TBT Stop Loss Hunting Alert looks at sudden/unexpected changes in price action, volatility, and volume.
Realistic Expectations:
While this indicator is effective in alerting users when there could be sudden volatility for Bitcoin, note that there is no way to know which way Bitcoin will move after the alert is triggered. The frequency of alerts is few and far between, but in a way this is a good thing. When the signal is triggered, it is a great early warning system to remember to be careful for the next 24 to 48 hours.
[astropark] Stops huntingDear Followers,
today I'm happy to share with you my Stops Hunting indicator.
This indicators draws lines on important levels, where traders are supposed to set their own stop loss orders .
As per default values you will see
sellers (short) stoploss prices as red lines
buyers (long) stoploss prices as green lines
Market maker move prices towards liquidity, so to hit common traders stoplosses.
Why it acts this way? because stoplosses become fuel for market maker to move price where it wants to, and after latest stoplosses were triggered, then it uses this fuels to make trend reverse to the opposite direction.
To highlight this mechanism, the indicator plots:
red background when there are (almost) no-more sellers' stop losses still to be hit, so the trader can start thinking about opening a sell/short position ,
green background when there are (almost) no-more buyers' stop losses still to be hit, so the trader can start thinking about opening a buy/long position .
This indicator:
works on every timeframe , so it can be used for both swing and scalping trades
has a bias filter to increase or decrease the bullish/bearish backgrounded ranges (the higher the value, the less the width of ranges)
lets you change colours as you like
lets you enable/disable plotting of lines
lets you change lines' thickness and transparency
lets you enable/disable plotting of circles whenever a stoploss is hit
lets you set a starting date/time from which you want the indicator to start its analysis and collecting data for stops hunting
lets you set alerts when a stoploss has been hit/hunted
lets you set alerts when background starting be coloured as explained above
A gentle reminder: always consider setting a stoploss in trades and use a proper money and risk management strategies .
Here there are some examples how the indicator works on many timeframes and markets:
BTC/USDT 1h
LINK/BTC 1h
ETH/BTC 1h
EUR/USD 15m
GBP/USD
Brent Crude Oil 15m
GOLD (XAU/USD) 15m
FaceBook (FB) 15m
Microsoft Corp (MSFT) 15m
This is a premium indicator , so send me a private message in order to get access to this script .
Jackrabbit.modulus.StopLossThis is an algorithic stop loss for the Jackrabbit suite and modulus framework.
This module is not a standalone and relies on previous modules to send a signal data in order to function properly. This module acts on buy and sell data from within the indicator on indicator framework that TradingView supports.
This module is NOT a substitute for a flat percentage based stop loss provided by trading platforms and many exchanges. This is an algorithic approach that is designed to follow the market. Such a methodology has been proven by many traders to help mitigate risk.
This module sets a risk/reward ratio to which a modified ATR is used to determine the stop loss and take profit. Note that the take profit can also be on the basis of the strategy sell markers. A multiplier and a look back are user configurable to help tune the module for more favorable results.
It is important to remember that this module does NOT allow accumulation, so your buying strategy will need to be surigical in nature to maximize your profits.
The Jackrabbit modulus framework is a plug in play paradigm built to operate through TradingView's indicator on indicatior (IoI) functionality. As such, this script receives a signal line from the previous script in the IoI chain, and evaluates the buy/sell signals appropriate to the current analysis.
This script is by invitation only. To learn more about accessing this script, please see my signature or send me a PM. Thank you.
ATR Stop Loss IndicatorIt’s very simple – all it does is calculate your stop loss with trailing stop price.
How It Works
Blue is the current ATR (pips).
Green is your trailing stop-loss price for Long
Red is your trailing stop-loss price for Short .
Settings
ATR Length:
Your ATR Length
Multiplier:
ATR multiplier.
For example, if you want to use a 2x ATR stop, set to 2.
ATR Trailing Stoploss StrategyI am sharing the strategy version of the indicator used before. It is very simple to use.
These are the settings I use, you can change, test and use as you wish.
Atr Period 5
Highest High Period 10
Multiplier 2.5
It can generate more signals in shorter time frames.
The success rate will be higher in longer time frames.
[STRATEGY] Buy/Sell/TP/SL/TSL Alerts ModuleA strategy version of the Buy/Sell/TP/SL/TSL Alerts Module .
It works the same way:
1) You choose a specific indicator and apply it to your chart
2) You create a special signal form of that indicator
3) You connect that form to the module
4) Bob's your uncle
If you have any questions don't hesitate to ask and contact me either via private messages on TradingView or via Telegram.
Thanks!
