This script is designed to aid in back-testing and trade execution.
It displays three sets of values - the teal colored value is the current ATR, the green colored value is your stop loss distance (in pips) below the most recent swing low for long trades , and the red colored value is your stop loss distance (in pips) above the most recent swing high for short...
One Time Trade Risk Management
Incorporating the new interactive feature, this script is meant as a one time trailing stop for the active trader to manage positional risk of an ongoing trade. As a crypto trader or Fx trader, many may find themselves in a position late into the evening, or perhaps daily life is calling while a trade progresses in their favor....
The general idea of using SwingArms is to provide a visual confirmation of a trend change.
Green for bullish (BUY)
Red for bearish (SELL)
A color-coded system providing an easy way for a novice to understand.
Converted to TradingView based on the work of Jose Azcarate.
I hope you guys enjoy.
This is a multi-timeframe version of our Volatility Stop , an ATR-based trend detector that can be used as a stop.
► Timeframe selection
The higher timeframe can be selected using 3 different ways:
• By steps (60 min., 1D, 3D, 1W, 1M, 1Y).
• As a multiple of the current chart's resolution, which can be fractional, so 3.5 will work.
Note that you can...
This script is designed as an ATR-based trailing stop tool to assist in managing open positions.
Once you're involved in a profitable trade, if you add this script to your chart you'll be prompted to select a bar to begin trailing from.
You can then adjust the candle lookback distance for swing high/lows (7 by default), the ATR multiplier (1.0 by default), and...
I'm a big fan of simple strategies.
This one is a very simple one. So it consists only from one Trailing SL. When SL is hit, the position is reversed and SL is tracked for a new position.
You can choose one of 3 types of SL:
% of your price
ATR - it is calculated as current ATR * multiplier
As you can see even this simple strategy can show...
Script to display Supertrend trend state of 8 different securities in a panel. Timeframe & Tickers which are to be displayed can be configured from settings.
Part of code is from the ADX DI Monitoring Panel script by u/wugamlo with his permission. Thanks to him for that and do please check out his work also.
Here is a Risk Management Indicator that calculates stop loss and position sizing based on the volatility of the stock. Most traders use a basic 1 or 2% Risk Rule, where they will not risk more than 1 or 2% of their capital on any one trade. I went further and applied four levels of risk: 0.25%, 0.50%, 1% and 2%. How you apply these different levels of risk is...
One of my favorite stops is the ATR Trailing Stop-loss. With the implementation of PineScript v5, a code update was needed in order to use this stop/exit-strategy with newer strategy scripts. A timeframe selector that was not featured on earlier versions is also included. This new version can be plugged into PineScript v5 strategies, and also has a...
This script uses the last hlc3 value of 1H, 4H, D and/or W and rotates it 360º up/down with four increments of 90º to find out potential support and resistance areas. Can be used as a dynamic support & resistance tool or just to gauge how overbought/oversold the market is. Special thanks to @Nv56 for his assistance in writing this script.
Simple 3 EMA Strategy with plotted Take Profit and Stop Loss
- Middle EMA cross above the Slow EMA
- Set take profit and stop loss exit conditions based on ATR Indicator
- Fast EMA cross below the Middle EMA
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...
Wavy Tunnel + Trend ATR Buy Sell Signal by PaRn
Originality by PaRn
First Combination of Wavy Tunnel + Trend ATR Buy Sell Signal by PaRn
"Buy Sell Signal" is base on Volatility Stop 20, Multiplier 2.5
"Trend Signal" is based on EMA crossover between EMA12(Close) and EMA26(Close)
Take Profit Line is EMA15(Default)
Wavy line Base on EMA34(high,close,low)
ST0P is a kind of a TRAILING STOP LOSS INDICATOR in which users can set up LONG or SHORT trade versions and also can set up a STOP LOSS level by percent % or unit difference.
It tries to solve the problem of stop loss indicators' default BUY or SELL settings and non adjustable stop levels of % and difference change in price levels.
(Will try to make updates...
This is a new version of the classic Volatility Stop originally published in 2014 by admin and written in Pine v1. While the code has evolved, its logic is identical. It is an ATR-based trend detector that can also be used as a stop. It belongs to the same family of indicators as:
• Charles Le Beau's Chandelier Exit ,
• Olivier Seban's Super Trend , and
The Volatility Stop Indicator is able to define the current trend. When a downward trend is determined a red line above the prices bars is plotted; when an upward trend is determined a green line below the prices bars is plotted. These lines are generally used as trailing stops. The Volatility Stop Indicator is more used as an exit tool than an entry tool. When...