INVITE-ONLY SCRIPT
EAP Helper Indicator
Updated
This is a basic indicator I am developing to assist with testing and trading the new EAP pullback strategy. If you are not a member of the EAP program by Steven Hart, then this indicator will not be helpful to you.
Features:
S/L Calculator
This displays your stop loss values based on an entry from the currently selected candle.
The S/L is calculated by adding the S/L size in pips to the close of your entry candle + the distance to the swing high (or swing low for shorts). By default, the indicator only looks back 3 candles for highs and lows, but this can be changed in the settings.
If the ATR is <= 19, the S/L is 20 pips above/below swings.
If the ATR is >= 20 but <= 29, the S/L is 20 pips.
If the ATR is >= 30 but <= 49, the S/L is 30 pips.
If the ATR is >= 50 but <= 99, the S/L is 50 pips.
If the ATR is >= 100 the S/L is 100 pips.
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I will add more features as I think of them :)
Features:
S/L Calculator
This displays your stop loss values based on an entry from the currently selected candle.
The S/L is calculated by adding the S/L size in pips to the close of your entry candle + the distance to the swing high (or swing low for shorts). By default, the indicator only looks back 3 candles for highs and lows, but this can be changed in the settings.
If the ATR is <= 19, the S/L is 20 pips above/below swings.
If the ATR is >= 20 but <= 29, the S/L is 20 pips.
If the ATR is >= 30 but <= 49, the S/L is 30 pips.
If the ATR is >= 50 but <= 99, the S/L is 50 pips.
If the ATR is >= 100 the S/L is 100 pips.
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I will add more features as I think of them :)
Release Notes
Changed pips to display as whole numbers.Release Notes
Added coloured legend to indicator chart to demonstrate what the values mean.Release Notes
Improved accuracy of SL algo.Release Notes
-Release Notes
-Release Notes
Added R:R variable T2 to indicator for testing strategies with a target that is wider than its stop loss.Release Notes
Added option to use ATR stop loss or pip-based stop lossRelease Notes
Minor improvementsRelease Notes
Minor improvementsRelease Notes
Added chart labels to explain numbersInvite-only script
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