OPEN-SOURCE SCRIPT

AUTO STOP LEVEL

This is a simple yet highly efficient code that calculates stop levels, taking into account the market trend and its volatility.

This script calculates and displays (as a white point in the chart) a stop-loss by considering both volatility and the nearest support/resistance point.

The stop level is determined as the average of three specific values: firstly, two distinct volatility indicators - ATR and Bollinger Bands, and finally, the nearest support/resistance provided by the Supertrend indicator.

Moreover, it analyzes the trend to determine whether the stop should be set for long or short positions, providing insights into the most probable path of future prices. For instance, if the calculated stop level is below the current market prices, it suggests taking long positions, and vice versa.

Customization options include fine-tuning the standard parameters for the three indicators used in averaging and selecting multiple time frames.
Pivot points and levelsTrend AnalysisVolatility

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

想在圖表上使用此腳本?

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