Library "RicardoLibrary" Ricardo's personal Library
GetPipValue() GetPipValue Returns: Pip value of Symbol
Calculate_SL(IsLong) Calculate_SL: Calcultes Stop Loss Parameters: IsLong: If true, then I am going to enter a long position, if false then Short position Returns: Stop loss Price
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.
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.