This is a basic indicator I am developing to assist with testing and trading the new EAP pullback strategy. If you are not a member of the EAP program by Steven Hart, then this indicator will not be helpful to you.
Features:
S/L Calculator
This displays your stop loss values based on an entry from the currently selected candle.
The S/L is calculated by adding the S/L size in pips to the close of your entry candle + the distance to the swing high (or swing low for shorts). By default, the indicator only looks back 3 candles for highs and lows, but this can be changed in the settings.
If the ATR is <= 19, the S/L is 20 pips above/below swings. If the ATR is >= 20 but <= 29, the S/L is 20 pips. If the ATR is >= 30 but <= 49, the S/L is 30 pips. If the ATR is >= 50 but <= 99, the S/L is 50 pips. If the ATR is >= 100 the S/L is 100 pips.
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I will add more features as I think of them :)
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Changed pips to display as whole numbers.
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Added coloured legend to indicator chart to demonstrate what the values mean.
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Improved accuracy of SL algo.
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Added R:R variable T2 to indicator for testing strategies with a target that is wider than its stop loss.
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Added option to use ATR stop loss or pip-based stop loss
Hello zen, can you grant me the permission to use this indicator, would really appreciate the help.
Harvey0921
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Hi there Matt! Great work. Would it be possible to get the access to your indicators, please?
Thanks a million :)
Jose_B02
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Gracias
Jose_B02
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Me gustaria tener acceso, gracias
FxKit
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Hey Matt,
Would love to add this back into my new Tradingview account!
Best Regards,
Kit
ZenAndTheArtOfTrading
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@FxKit, hey bro! Done :) good to see you're still trading man, good luck with everything
FxKit
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@ZenAndTheArtOfTrading, Hey bro! How's everything for you? I know you don't use Telegram that much anymore. What is the best way to connect with you again man? Hit me up on Telegram to protect your privacy :)
BEURSWAAGE
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Please allow me access. I am a EAP Member.
Blaster113
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Hello, would it be possible to show the source code? Thanks