OPEN-SOURCE SCRIPT
MACD Strategy- Script Example how to use % SL in your script
** Tired of Script showing a trade that you stopped out on but is still long on your script? Not any more**
I used Pine script to create realistic trading scenarios for SL users. Now your scripts will reflect what you see on the order book.
a=0.0
a := (*Insert buy condition*)? close: nz(a[1])
plot(0.98*a, color= green) //2%SL for BUY
b=0.0
b:= (*Insert Short condition*) ? close: nz(b[1])
plot(1.02*b, color= red) //2% SL for Short
Please check the script on how to implement this :)
I used Pine script to create realistic trading scenarios for SL users. Now your scripts will reflect what you see on the order book.
a=0.0
a := (*Insert buy condition*)? close: nz(a[1])
plot(0.98*a, color= green) //2%SL for BUY
b=0.0
b:= (*Insert Short condition*) ? close: nz(b[1])
plot(1.02*b, color= red) //2% SL for Short
Please check the script on how to implement this :)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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