PROTECTED SOURCE SCRIPT
TENKANSTOPLOSS
this is my script help of mr hikmet sezen. special thanks to him for his patience
i made this stop loss indicator running according to tenkansen of ichimoku
it follows the tenkansen line from a determined % distance by user
when tenkansen is crossing up trendstop meand go long
when tenkansen is crossing down trendstop go short
i use settings 5 for tenkansen and 0.80 for stoploss % and seems accurate for 1h and 4h for btc and others
u can adjust it for stocks and for forex
recommend to use with heiken ashi bars
i made this stop loss indicator running according to tenkansen of ichimoku
it follows the tenkansen line from a determined % distance by user
when tenkansen is crossing up trendstop meand go long
when tenkansen is crossing down trendstop go short
i use settings 5 for tenkansen and 0.80 for stoploss % and seems accurate for 1h and 4h for btc and others
u can adjust it for stocks and for forex
recommend to use with heiken ashi bars
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.