I rely on this script for both my live trading and my backtesting process. I couldn’t live without it. It’s extremely simple – all it does is calculate your trailing stop price. How It Works The first number in blue is the current ATR (pips). The second number in green is your trailing stop loss price for Long trades, and the third number in red is your...
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...
ATR Channels help you to identify where to place your stop-loss or trailing stop-loss based on price volatility, according to the Average True Range (ATR).
Introduction Trailing stop are important indicators in technical analysis, today i propose a new trailing stop A2RTS based on my last published indicator A2RMA (1), this last indicator directly used an error measurement thus providing a way to create enveloppes, which provide a direct way to create trailing stops based on highest/lowest rules. The Indicator ...
With this tool you can run multiple instances for Stop Loss, Take Profit, Trailing Stop or Trailing Take Profit. Why use it? > Some trading platforms don't offer special tools like Trailing Stop; > In case they do, they don't have to know where you put your stops; > TradingView offers high performance, you can see the tool working in real-time. Main Features: -...
Hello traders This is an example of how you can add multiple indicators into a unique one In this instance, I added two supertrend multitimeframes and draw them on a different timeframe chart Enjoy David
Introduction The gann hilo activator is a trend indicator developed by Robert Krausz published into W. D. Gann Treasure Discovered: Simple Trading Plans for Stocks & Commodities . This indicator crate a trailing stop aiming to show the direction of the trend. This indicator is fairly easy to compute and dont require lot of skills to understand. First we...
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 Based on my previous indicator , this indicator plot a trailing stop using classic conditions. Using The Indicator Like any trailing stop when price is higher than the trailing stop this imply a buy signals, when price is lower than the trailing stop this imply a sell signal. It is possible to use decimals instead of integers for length as...
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 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).
Multiple Time Frame Version of Trailing Stop Loss Indicator 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...
MOST : Moving Stop Loss Indicator Developed by economist Anıl ÖZEKŞİ for MATRİKS TRADER platform. This indicator is like a trailing stop indicator but differs in two ways. First, trailing stops often uses price bars to determine the stop level, but MOST uses an adjustable percent of the Exponential Moving Average of the price which smooths the sudden price...