mshpun

Trailing Stops Loss

7055 visitas
840
7055 4
Simple indicator to track trailing stops for long positions in intraday trading.
When applied initially shows trailing stop based on previous day close.
When going long go to "Format" and enter
- Buy Price (default - current bar close)
- Stop Range (default - $0.2)
- Time of trade.

Graph will change to reflect stop loss by Stop Range below Buy Price.
Going forward Stop Loss line will rise with price going up or stay at highest achieved level when price goes down.
Sell when price is close to current level of Stop Loss.

In chart above trade was made at 11:05 AM at $43.70
Initial Stop Loss set 43.70 - 0.2 = 43.50
Since bar close was 43.75 stop loss moved to 43.75

Works on different intraday intervals.
Does not work on first bar of the day
Starts on second bar of the day.
Previous days lines should be ignored.
Eliminar de Scripts favoritos. Añadir a Scripts favoritos.
////////////////////////////////////////////////////////////
// Intraday Trailing Stop Loss
//@version=2
////////////////////////////////////////////////////////////
study(title="Trailing Stops Loss", overlay = true)
StopLossRange = input(0.2)

highTimeFrame = "1"
sessSpec = input("0931-1600", type=session)
BuyPrice = input (close, type = float)

is_newbar(res, sess) =>
    t = time(res, sess)
    change(t) > 0 ? 1 : 0


TrailingStop = (BuyPrice >= close)? BuyPrice - StopLossRange : close >= open[1]? close - StopLossRange: TrailingStop[1]

new_TrailingStop = if is_newbar(highTimeFrame, sessSpec)
    if TrailingStop < new_TrailingStop[1]
        new_TrailingStop[1]
    else
        TrailingStop
else
    TrailingStop 
    
plot_color = is_newbar(highTimeFrame, sessSpec)? color(red, 0): color(blue, 100) 
plot(new_TrailingStop, linewidth=2, color = plot_color )
//plot(TrailingStop, color=blue)

not working on my charts :((
Responder
Can this be changed for a short. Tks
+2 Responder
Just what I need. How can I convert it to work on a weekly chart?
+7 Responder
Nice! can you make it worth with percentages?
+7 Responder
Inicio Analizador de acciones Analizador de Forex Crypto Screener Calendario económico Cómo funciona Funcionalidades del gráfico Precios Normas Moderadores Soluciones broker y sitio web Widgets Soluciones gráficas Centro de ayuda Solicitud de funcionalidad Blog y Noticias Preguntas frecuentes Wiki Twitter
Perfil Opciones de configuración del perfil Cuenta y facturación Monedas TradingView Mis Tickets de Soporte Centro de ayuda Ideas publicadas Seguidores Siguiendo Mensajes privados Chat Cerrar sesión