Most of the trailing stops on TradingView are made of using the lowest lows and the highest highs. Not many are based around what I called the volatile trailing stop.
This is where the trailing stop will move around according to a set percentage difference from the previous closing value. This allows you to say "If the current bar moves x percent, then stop"....
Bjorgum 3Commas Bot
A strategy in a box to get you started today
With 3rd party API providers growing in popularity, many are turning to automating their strategies on their favorite assets. With so many options and layers of customization possible, TradingView offers a place no better for young or even experienced coders to build a platform from to meet...
An aggressive scalping indicator designed for short timeframes.
Made up of:
- The 21 and 55 EMA, but these are customisable to be any length and either the: ema, sma, tema, hma or wma
- The TD sequential
- Support & resistance zones which are indicated by red and green shaded horizontal areas
The TD numbers 8 and 9 signal a possible turning point, especially if...
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...
Volume can be a very useful tool if used correctly. Relative volume is designed to filter out the noise and highlight anomalies assisting traders in tracking institutional movements. This tool can be used to identify stop loss hunters and organized dumps. It uses a variety of moving averages to hide usual activity and features an LSMA line to show trend. Trend...
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 backtesting result of following indicator/strategy. I didn't work on adding other indicators. maybe in the future I can try to combine this with other indicators.
You can visit following link to see "Pivot Point SuperTrend" . by using this backtesting tool, you can test&find better...
In trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful.
This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management...
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...
This is an on chart indicator that can be used for setting take profit and stop losses very easily using the Average True Range Indicator (ATR). Using a volatility adjusted TP and SL will allow you to set your targets and losses based on market conditions. In the settings, you are able to adjust how much of a multiplier you require depending on your...
This Indicator uses Average True Range (ATR) to determine a safe place to put stop losses to avoid being stop hunted or stopped out of a trade due to a tight stop loss. Default multiplier setting is 1.5. For a more conservative stop loss use 2 and for a tighter stop loss use 1. ATR and stop loss prices are displayed in table at bottom of screen. Use high(red) for...
I didn't find a BB stops indicator on TV, so I wrote one myself.
You can select various ma types as a base anchor for the calculations.
This indicator can have various use cases similar to Supertrend or Parabolic SAR: as a trend indicator, as a training stop loss,...
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## MORE BACKTEST
SuperTrend is a moving stop and reversal line based on the volatility (ATR).
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
The strategy will close operation when the line based on the volatility will...
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...
In this script I combined SSL channel with RSI and EMA 200 mainly.
Can be modified to apply EMA 50/100 condition aswell.
Also contains SL/TP in pip points to play with.
Credits goes to :
@ErwinBeckers for ssl
@Skrymtn for EMA crossover
For more details/ improvements feel free to message me.