This script creates a stop loss level and then moves it up in 5% increments as prices increase. Basically, it checks to see if the lowest low of the last 7 days is above a certain level. If yes, it sets the stop at that level. It then checks for the next highest level and keeps going until the price is not above a level. Those variables are then set to the level...
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...
Introduction I was faced with the fact that many authors contradicted each other about the indicator settings. Each trader offers his(her) own settings, without having an evidence base. Therefore, I decided to make an algorithmic optimizer. What is this tool? This tool is a performance optimizer that uses a decision tree-based algorithm under the hood to find...
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...
This indicator plots 2 sets of dots (and lines) based on your chosen ATR multiplier (Average True Range). Generally, when trading on the daily timeframe a good rule of thumb is to use the ATR * 1.5 (the default setting of this indicator). I created this indicator to quickly test other indicators but I also find it helpful in live trading. How to use this...
This indicator takes the average of a series of ATR to calculate what I would consider an optimum stop loss placement represented in percentage (read below for full overview). While the data is plotted what is most helpful are the actual numbers presented and for my charts I remove most of the plotting. This indicator is most helpful on the daily timeframe but...
The top band is ATR added to candle high (with given length and multiplication). The bottom one is analogic. Created for finding initial stop loss for entry on low timeframes. Use band value at last major high/low to place the stop loss at. It shows prices with acceptable risk and a reasonable margin for market volatility.
This indicator shares ATR pips and a calculated 1.5 x stop loss calculation. 1st number is ATR. 2nd number is ATR x 1.5 (a typical SL when trading daily time frame). The plot lines are really not that important- it's the actual numbers. What I do is uncheck the plot line checkboxes (ATR & SL) so it doesn't show up, that way I can reduce the indicator...
ATR based stop trails. The top trail is basically lowest ATR since the last candle hit (with given length and multiplication) added to candle high. The bottom trail is analogic.
This indicator creates an trend channel based on an EMA/SMA combo and a Parabolc SAR indicator. Watch for the peaks and the size of the red/green channel for possible trend change. Can also be used as an Entry/Exit/Stop-Loss setting tool.
Hello all, Another useful script & indicator with alerts enabled for trailing stoploss in your toolbox! If you manually start a deal on a bot or even manual trade, you can set your chart time frame, enter the price and the time and date of your entry, then configure an Alert to fire using the “Close Long”/“Close Short” alert trigger. This indicator features: ...
Same concept as Trendband Guide script, but now, we can choose any combination of moving average that suite with our own trading style. Default setting : Input (candle base on your timeframe) Breakout Candle : 5 (highest) Breakdown Candle : 10 (lowest) Moving Average Line EMA : default EMA, uncheck for MA Fast Line : 10 Slow Line : 20 Direction :...
You can get your profit with easy RSI indicator and can also add stop loss rate.
1. SL_TP Script is a script for closing and profit of FastTrade_Script, DayTrade_Script, More_FastTrade_Script. 2. The high and low sections of moving Fibonacci are displayed. period can be changed. 3. Fractal High_Low line is applied. 4. Moving S & R band is different from bollingerBands. MA and ATR are applied. It is easy to understand support and...
𝙇𝙄𝙌𝙐𝙄𝘿 𝙅𝘼𝘿𝙀 🇸🇨🇷🇮🇵🇹 v0.1 -Unique LJS breakout/reversal system -Multi timeframe trend restricted trading -Renko, ADX, MAs -Risk Management, TP, SL More to come!
Preferred setting: 100 30 150 200 3
this is another version of my trendstop(stoploss) script i made this stop loss indicator running according to simple moving average it follows the sma line from a % distance determined by user when sma is crossing up trendstop line means go long (buy) when sma is crossing down trendstop line means go short (sell) u can set alert on this indicator (after u...
this is my script help of mr hikmet sezen. special thanks to him for his patience i made this stop loss indicator running according to tenkansen of ichimoku it follows the tenkansen line from a determined % distance by user when tenkansen is crossing up trendstop meand go long when tenkansen is crossing down trendstop go short i use settings 5 for tenkansen...