PINE LIBRARY
TradingWolfLibary
Updated
Library "TradingWolfLibary"
getMA(int, string)
Gets a Moving Average based on type
Parameters:
int: length The MA period
string: maType The type of MA
Returns: A moving average with the given parameters
minStop(float, simple, float, string)
Calculates and returns Minimum stop loss
Parameters:
float: entry price (Close if calculating on the entry candle)
simple: int Calculate how many bars back to look at swings
float: Minimum Stop Loss allowed (Should be x 0.01) if input
string: Direciton of trade either "Long" or "Short"
Returns: Stop Loss Value
getMA(int, string)
Gets a Moving Average based on type
Parameters:
int: length The MA period
string: maType The type of MA
Returns: A moving average with the given parameters
minStop(float, simple, float, string)
Calculates and returns Minimum stop loss
Parameters:
float: entry price (Close if calculating on the entry candle)
simple: int Calculate how many bars back to look at swings
float: Minimum Stop Loss allowed (Should be x 0.01) if input
string: Direciton of trade either "Long" or "Short"
Returns: Stop Loss Value
Release Notes
v2Added:
minmaxStop(float, simple, float, float, string)
Calculates and returns Minimum/Maximum stop loss
Parameters:
float: entry price (Close if calculating on the entry candle)
simple: int Calculate how many bars back to look at swings
float: Minimum Stop Loss allowed (Should be x 0.01) if input
float: Maximum Stop Loss allowed (Should be x 0.01) if input
string: Direciton of trade either "Long" or "Short"
Returns: Stop Loss Value
Release Notes
v3Updated:
minmaxStop(float, simple, float, float, string)
Calculates and returns Minimum/Maximum stop loss
Parameters:
float: entry price (Close if calculating on the entry candle)
simple: int Calculate how many bars back to look at swings
float: Minimum Stop Loss allowed (Should be x 0.01) if input
float: Maximum Stop Loss allowed (Should be x 0.01) if input
string: Direciton of trade either "Long" or "Short"
Returns: Stop Loss Value
Release Notes
v4Added:
tpCalc(float, float, float, string)
Calculates the take profit value
Parameters:
float: entry price (Close if calculating on the entry candle)
float: stop would be the variable calculated just before your TP, you can use the minmaxStop
float: ratio is a reward multiplier
string: direction is the direction of the trade
Release Notes
v5Release Notes
v6Release Notes
v7Added:
atrStop(_entry, _risk, _direction)
Calculates the Stop Loss using ATR
Parameters:
_entry
_risk
_direction
Returns: Take proit value
atrTake(_entry, _reward, _direction)
Calculates the Take profitusing ATR
Parameters:
_entry
_reward
_direction
Returns: Take proit value
Release Notes
v8 changed if statement bugPine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.