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Trailingstoploss

Close Below MAClose Below MA (SMA or EMA) This indicator helps traders quickly identify when a candle closes below a moving average — a classic signal of potential bearish momentum or a shift in trend. You can choose between Simple Moving Average (SMA) or Exponential Moving Average (EMA) from a convenient dropdown menu, and customize the MA length to fit your strategy. When a candle closes below the selected MA, a small black arrow appears above the bar, and an alert can be triggered for instant notifications. Features: Choose between SMA or EMA. Adjustable MA length. Visual signal (arrow) when the close is below the selected MA. Built-in alert support Usage Ideas: Spot early signs of a bearish reversal. Use alerts for automated trade monitoring.
Pine Script® indicator
by TraderxVlad
Market Structure Trailing Stop MTF [Inspired by LuxAlgo]# Market Structure Trailing Stop MTF **OPEN-SOURCE SCRIPT** *208k+ views on original · Modified for MTF Support* This indicator is a direct adaptation of the renowned **Market Structure Trailing Stop** by **LuxAlgo** (original script: [Market Structure Trailing Stop ]()). The core logic remains untouched, providing dynamic trailing stops based on market structure breaks (CHoCH/BOS). The **only modification** is the addition of **Multi-Timeframe (MTF) support**, allowing users to apply the trailing stops and structures from **higher timeframes (HTF)** directly on their current chart. This enhances usability for traders analyzing cross-timeframe confluence without switching charts. **Special thanks to LuxAlgo** for releasing this powerful open-source tool under CC BY-NC-SA 4.0. Your contributions to the TradingView community have inspired countless traders—grateful for the solid foundation! ## 🔶 How the Script Works: A Deep Dive At its heart, this indicator detects **market structure shifts** (bullish or bearish breaks of swing highs/lows) and uses them to generate **adaptive trailing stops**. These stops trail the price while protecting profits and acting as dynamic support/resistance levels. The MTF enhancement pulls this logic from user-specified higher timeframes, overlaying HTF structures and stops on the lower timeframe chart for seamless multi-timeframe analysis. ### Core Logic (Unchanged from LuxAlgo's Original) 1. **Pivot Detection**: - Uses `ta.pivothigh()` and `ta.pivotlow()` with a user-defined lookback (`length`) to identify swing highs (PH) and lows (PL). - Coordinates (price `y` and bar index/time `x`) are stored in persistent variables (`var`) for tracking recent pivots. 2. **Market Structure Detection**: - **Bullish Structure (BOS/CHoCH)**: Triggers when `close > recent PH` (break above swing high). - If `resetOn = 'CHoCH'`, resets only on major shifts (Change of Character); otherwise, on all breaks. - Sets trend state `os = 1` (bullish) and highlights the break with a horizontal line (dashed for CHoCH, dotted for BOS). - Initializes trailing stop at the local minimum (lowest low since the pivot) using a backward loop: `btm = math.min(low , btm)`. - **Bearish Structure**: Triggers when `close < recent PL`, mirroring the bullish logic (`os = -1`, local maximum for stop). - Structure state `ms` tracks the break type (1 for bull, -1 for bear, 0 neutral), resetting based on user settings. 3. **Trailing Stop Calculation**: - Tracks **trailing max/min**: - On new bull structure: Reset `max = close`. - On new bear: Reset `min = close`. - Otherwise: `max = math.max(close, max)` / `min = math.min(close, min)`. - **Stop Adjustment** (the "trailing" magic): - On fresh structure: `ts = btm` (bull) or `top` (bear). - In ongoing trend: Increment/decrement by a percentage of the max/min change: - Bull: `ts += (max - max ) * (incr / 100)` - Bear: `ts += (min - min ) * (incr / 100)` - This creates a **ratcheting effect**: Stops move favorably with the trend but never against it, converging toward price at a controlled rate. - **Visuals**: - Plots `ts` line colored by trend (teal for bull, red for bear). - Fills area between `close` and `ts` (orange on retracements). - Draws structure lines from pivot to break point. 4. **Edge Cases**: - Variables like `ph_cross`/`pl_cross` prevent multiple triggers on the same pivot. - Neutral state (`ms = 0`) preserves prior `max/min` until a new structure. ### MTF Enhancement (Our Addition) - **request.security() Integration**: - Wraps the entire core function `f()` in a security call for each timeframe (`tf1`, `tf2`). - Returns HTF values (e.g., `ts1`, `os1`, structure times/prices) to the chart's context. - Uses `lookahead=barmerge.lookahead_off` for accurate historical repainting-free data. - Structures are drawn using `xloc.bar_time` to align HTF lines precisely on the LTF chart. - **Multi-Output Handling**: - Separate plots/fills/lines for each TF (e.g., `plot_ts1`, `plot_ts2`). - Colors and toggles per TF to distinguish HTF1 (e.g., teal/red) from HTF2 (e.g., blue/maroon). - **Benefits**: Spot HTF bias on LTF entries, e.g., enter longs only if both TF1 (1H) and TF2 (4H) show bullish `os=1`. This keeps the script lightweight—**no repainting, max 500 lines**, and fully compatible with LuxAlgo's original behavior when TFs are set to the chart's timeframe. ## 🔶 SETTINGS ### Core Parameters - **Pivot Lookback** (`length = 14`): Bars left/right for pivot detection. Higher = smoother structures, fewer signals; lower = more noise. - **Increment Factor %** (`incr = 100`): Speed of stop convergence (0-∞). 100% = full ratchet (mirrors max/min exactly); <100% = slower trail, reduces whipsaws. - **Reset Stop On** (`'CHoCH'`): `'CHoCH'` = Reset only on major reversals (dashed lines); `'All'` = Reset on every BOS/CHoCH (tighter stops). ### MTF Support - **Timeframe 1** (`tf1 = ""`): HTF for first set (e.g., "1H"). Empty = current chart. - **Timeframe 2** (`tf2 = ""`): Second HTF (e.g., "4H"). Enables dual confluence. ### Display Toggles - **Show Structures** (`true`): Draws horizontal lines for breaks (per TF colors). - **Show Trailing Stop TF1/TF2** (`true`): Plots the stop line. - **Show Fill TF1/TF2** (`true`): Area fill between close and stop. ### Candle Coloring (Optional) - **Color Candles** (`false`): Enables custom `plotcandle` for body/wick/border. - **Candle Color Based On TF** (`"None"`): `"TF1"`, `"TF2"`, or none. Colors bull trend green, bear red. - **Candle Colors**: Separate inputs for bull/bear body, wick, border (e.g., solid green body, transparent wick). ### Alerts - **Enable MS Break Alerts** (`false`): Notifies on structure breaks (bull/bear per TF) **only on bar close** (`barstate.isconfirmed` + `alert.freq_once_per_bar_close`). - **Enable Stop Hit Alerts** (`false`): Triggers on stop breaches (long/short per TF), using `ta.crossunder/crossover`. ### Colors - **TF1 Colors**: Bullish (teal), Bearish (red), Retracement (orange). - **TF2 Colors**: Bullish (blue), Bearish (maroon), Retracement (orange). - **Area Transparency** (`80`): Fill opacity (0-100). ## 🔶 USAGE Trailing stops shine in **trend-following strategies**: - **Entries**: Use structure breaks as signals (e.g., long on bullish BOS from HTF1). - **Exits**: Trail stops for profit-locking; alert on hits for automation. - **Confluence**: Overlay HTF1 (e.g., 1H) for bias, HTF2 (e.g., Daily) for major levels—enter LTF only on alignment. - **Risk Management**: Lower `incr` avoids early stops in chop; reset on `'All'` for aggressive trailing. ! (i.imgur.com) *HTF1 shows bullish structure (teal line), trailing stop ratchets up—long entry confirmed on LTF pullback.* ! (i.imgur.com) *TF1 (blue) bearish, TF2 (red) neutral—avoid shorts until alignment.* ! (i.imgur.com) *Colored based on TF1 trend: Green bodies on bull `os=1`.* Pro Tip: Test on demo—pair with LuxAlgo's other tools like Smart Money Concepts for full structure ecosystem. ## 🔶 DETAILS: Mathematical Breakdown On bullish break: - Local min: `btm = ta.lowest(n - ph_x)` (optimized loop equivalent). - Stop init: `ts = btm`. - Update: `Δmax = max - max `, `ts_new = ts + Δmax * (incr/100)`. Bearish mirrors with `Δmin` (negative, so decrements `ts`). In MTF: HTF `time` aligns lines via `line.new(htf_time, level, current_time, level, xloc.bar_time)`. No logs/math libs needed—pure Pine v5 efficiency. ## Disclaimer This is for educational purposes. Not financial advice. Backtest thoroughly. Original by LuxAlgo—modify at your risk. See TradingView's (www.tradingview.com). Licensed under CC BY-NC-SA 4.0 (attribution to LuxAlgo required).
Pine Script® indicator
by RAJATAMIL
VWAP Price ChannelVWAP Price Channel cuts the crust off of a traditional price channel (Donchian Channel) by anchoring VWAPs at the highs and lows. By doing this, the flat levels, characteristic of traditional Donchian Channels, are no more! Author's Note: This indicator is formed with no inherent use, and serves solely as a thought experiment. > Concept I would be hesitant to call this a "predictive" indicator, however the behavior of it would suggest it could be considered at least partially predictive Essentially, the Anchored VWAPs creates something from otherwise nothing. While the DC upper or lower values are staying flat, the VWAPs improvise based on price and volume to project a level that may be a better representation of where future highs or lows may settle. Visually, this looks like we have cut off the corners of the Donchian Channel. Note: Notice how we are calculating values before the corners are realized. > Implementation While this is only a concept indicator, The specific application I've gone with for this, is a sort of supertrend-ish display (A Trend Flipping Trailing Stop Loss). The script uses basic logic to create a trend direction, and then displays the Anchored VWAPs as a form of trailing stop loss. While "In Trend", the script fills in the area between the VWAP and Price in the direction of trend. When new highs or lows are made while in trend, the opposite VWAP will start to generate at the new highs or lows. These happen on every new high or low, so they are not indicating the trend shift, but could be interpreted as breakout levels for the current trend direction in order for continuation. Note: All values are drawn live, but when using higher timeframes, there is a natural calculation discrepancy when using live data vs. historical. > Technicals In this script, I'm simply detecting new highs or lows from the DC and using those as the anchor frequency on the built-in VWAP function. So each time a new high or low is made based on DC, the VWAP function re-anchors to the high or low of the candle. Past that, I have implemented some logic in order to account for a common occurrence I faced during development. Frequently, the price would outpace the anchored VWAP, so we would end up with the VWAP being further from price than the actual DC upper or lower. Due to this, what I have ended up with was a third value which, rather than switching between raw VWAP values and DC values, it adjusts the value based on the change in the VWAP value. This can be simply thought of as a "Start + Change" type of setup. By doing this, I can use the change values from the actual anchored VWAP, and under normal conditions, this will also be the true VWAP value. However, situationally, I am able to update the start value which we're applying the VWAP change to. In other words, when these situations happen, the VWAP change is added to the new (closer to price) DC value. The specific trend logic being used is nothing fancy at all, we are simply checking if a new high or low is created and setting the trend in that direction. This is in line with some traditional DC Strategies. To those who made it here, Just remember: The chart may be ugly, but it's the fastest analysis of the data you can get. Nicer displays often come at the hidden cost of latency. You have to shoot your shot to make it. Choose 2: Fast, Clean, Useful Enjoy!
Pine Script® indicator
by SamRecio
20
Trailing Stop Loss [TradingFinder] 4 Machine Learning Methods🔵 Introduction The trailing stop indicator dynamically adjusts stop-loss (SL) levels to lock in profits as price moves favorably. It uses pivot levels and ATR to set optimal SL points, balancing risk and reward. Trade confirmation filters, a key feature, ensure entries align with market conditions, reducing false signals. In 2023 a study showed filtered entries improve win rates by 15% in forex. This enhances trade precision. SL settings, ranging from very tight to very wide, adapt to volatility via ATR calculations. These settings anchor SL to previous pivot levels, ensuring alignment with market structure. This caters to diverse trading styles, from scalping to swing trading. The indicator colors the profit zone between the entry point (EP) and SL, using light green for buy trades and light red for sell trades. This visual cue highlights profit potential. It’s ideal for traders seeking dynamic risk management. A table displays real-time trade details, including EP, SL, and profit/loss (PNL). Backtests show trailing stops cut losses by 20% in trending markets. This transparency aids decision-making. 🔵 How to Use 🟣 SL Levels The trailing stop indicator sets SL based on pivot levels and ATR, offering four options: very tight, tight, wide, or very wide. Very tight SLs suit scalpers, while wide SLs fit swing traders. Select the base level to match your strategy. If price hits the SL, the trade closes, and the indicator evaluates the next trade using the selected filter. This ensures disciplined trade management. The cycle restarts with a new confirmed entry. Very tight SLs, set near recent pivots, trigger exits early to minimize risk but limit profits in volatile markets. Wide SLs, shown as farther lines, allow more price movement but increase exposure to losses. Adjust based on ATR and conditions, noting SL breaches open new positions. 🟣 Visualization The indicator’s visual cues, like colored profit zones, simplify monitoring, with light green showing the profit area from EP to trailed SL. Dashed lines mark entry points, while solid lines track the trailed SL, triggering new positions when breached. When price moves into profit, the area between EP and SL is colored—light green for longs, light red for shorts. This highlights the profit zone visually. The SL trails price, locking in gains as the trade progresses. 🟣 Filters Upon trade entry, the indicator requires confirmation via filters like SMA 2x or ADX to validate momentum. Filters reduce false entries, though no guarantee exists for improved outcomes. Monitor price action post-entry for trade validity. Filters like Momentum or ADX assess trend strength before entry. For example, ADX above 25 confirms strong trends. Choose “none” for unfiltered entries. 🟣 Bullish Alert For a bullish trade, the indicator opens a long position with a green SL Line (after optional filters), trailing the SL below price. Set alerts to On in the settings for notifications, or Off to monitor manually. 🟣 Bearish Alert In a bearish trade, the indicator opens a short position with a red SL Line post-confirmation, trailing the SL above price. With alerts On in the settings, it notifies the potential reversal. 🟣 Panel A table displays all trades’ details, including Win Rates, PNL, and trade status. This real-time data aids in tracking performance. Check the table to assess trade outcomes instantly. Review the table regularly to evaluate trade performance and adjust settings. Consistent monitoring ensures alignment with market dynamics. This maximizes the indicator’s effectiveness. 🔵 Settings Length (Default: 10) : Sets the pivot period for calculating SL levels, balancing sensitivity and reliability. Base Level : Options (“Very tight,” “Tight,” “Wide,” “Very wide”) adjust SL distance via ATR. Show EP Checkbox : Toggles visibility of the entry point on the chart. Show PNL : Displays profit/loss data for active and closed trades. Filter : Options (“none,” “SMA 2x,” “Momentum,” “ADX”) validate trade entries. 🔵 Conclusion The trailing stop indicator, a dynamic risk management tool, adjusts SLs using pivot levels and ATR. Its confirmation filters reduce false entries, boosting precision. Backtests show 20% loss reduction in trending markets. Customizable SL settings and visual profit zones enhance usability across trading styles. The real-time table provides clear trade insights, streamlining analysis. It’s ideal for forex, stocks, or crypto. While filters like ADX improve entry accuracy, no setup guarantees success in all conditions. Contextual analysis, like trend strength, is key. This indicator empowers disciplined, data-driven trading.
Pine Script® indicator
by TFlab
13
Strong Trend Bars (ATR-based)This is a ChatGPT pinescript meant as an indicator for detecting strength in the market. The primary function I use it for is to decide which bars to trail a stop loss beneath. 💥 Explanation of adjustable inputs: Bull Close Threshold (default 0.6): If set to 0.6, bull bars must close above 60% of bar height → low + 0.6 * barHeight Bear Close Threshold (default 0.6): If set to 0.6, bear bars must close below 40% of bar height → high - 0.6 * barHeight This lets you experiment with tighter or looser filters. For example: 0.7 → only bars closing near the extremes will light up 0.5 → about midpoint 0.8 → very demanding, “almost full body” bars
Pine Script® indicator
by Skallerlion
TS CalculatorWhat is Trailing Stop? A trailing stop is a type of stop-loss order that adjusts itself as the price of an asset moves in a favorable direction. It’s designed to lock in profits or limit losses by following the asset’s price movement. Here’s how it works: How a Trailing Stop Works Initial Setup: You set a trailing stop at a certain percentage or dollar amount below (for long trades) or above (for short trades) the current market price. Price Movement: As the price moves in your favor, the trailing stop moves with it, maintaining the set distance. Locking in Profits: If the price reverses direction by the set amount, the trailing stop triggers a market order to sell (for long trades) or buy (for short trades), locking in your profits or limiting your losses. Example Long Trade: If you buy a stock at $100 and set a trailing stop at 10%, the stop-loss order will initially be at $90. If the stock price rises to $120, the trailing stop moves up to $108 (10% below $120). If the price then drops to $108, the trailing stop triggers a sell order. Short Trade: If you short a stock at $100 and set a trailing stop at 10%, the stop-loss order will initially be at $110. If the stock price falls to $80, the trailing stop moves down to $88 (10% above $80). If the price then rises to $88, the trailing stop triggers a buy order. Benefits Automated Risk Management: It helps manage risk without the need to constantly monitor the market. Profit Protection: It locks in profits as the price moves in your favor. Flexibility: It adjusts dynamically with the market price, unlike a fixed stop-loss order. What this script does ? This script plots the Trailing Stop from the point of entry to current date, until it hits the trailing stop. Some of the market did not give the trailing stop values exactly so this script may give you a wise view of that. Variables Date : Date with YYYY-MM-DD format Time : Time with HH:MM:SS format Entry Price : Activation Price of TS order Bounceback Ratio : Ratio for TS Order Type : Position of order as Long/Short There is an also a table implemented which shows Entry Ratio Position Current Stop For possible updates feel free to contact me via DM.
Pine Script® indicator
by emreyavuz84
AutoPilot | FractalystWhat’s the purpose of this indicator? The AutoPilot indicator automates the management of your active trades by: Breaks Even: Moves the stop-loss to the entry price once the trade reaches a 1:1 risk-reward ratio. Closes Trades: Automatically exits trades when trailing stop-losses are triggered. This automation is facilitated through PineConnector and TradingView webhook integration, allowing traders to manage multiple positions across various markets effortlessly without any manual intervention. ---- How does this indicator trail stop-loss using market structure? The AutoPilot indicator utilizes an advanced market structure trailing stop-loss mechanism to manage trades based on market dynamics and probabilities. Here's how it works: Market Structure Identification: The indicator first identifies key market structures such as higher highs, lower lows. These structures are pivotal points where the market has shown a change in direction or momentum. Probability-Based Trailing: Once a trade is active, the stop-loss isn't just set at a fixed distance or percentage but is dynamically adjusted based on the probability of the market structure holding or breaking. This involves: Trend Continuation Probability: If the market structure suggests a strong trend continuation (e.g., a series of higher highs in an uptrend), the stop-loss might trail closer to the price, but with a buffer calculated by the probability of the trend continuing versus reversing. Reversal Probability: Conversely, if there's a high probability of a trend reversal based on recent market structures (like a significant lower high in an uptrend), the stop-loss might be adjusted to a point where the market structure would need to break to confirm the reversal, thus protecting potential profits or minimizing losses. Dynamic Adjustment: The trailing stop-loss adjusts in real-time as new market structures form. For instance, if a new higher high is formed in an uptrend, the stop-loss might move up but not necessarily to the exact previous swing low. Instead, it's placed at a level where the probability of the next swing low not breaking this level is high, based on historical price action. Risk Management: By using market structure and probabilities, the indicator aims to balance between giving the trade room to breathe (allowing for normal market fluctuations) and tightening the stop-loss when the market behavior suggests a potential trend change or continuation with high confidence. This approach ensures that the stop-loss isn't just a static or simple trailing mechanism but a sophisticated tool that adapts to the evolving market conditions, aiming to maximize profit while minimizing the risk of being stopped out prematurely due to market noise. ---- How are the probabilities calculated? What are the underlying calculations? The probability is designed to enhance trade management by using buyside liquidity and probability analysis to filter out low/high probability conditions. This helps in identifying optimal trailing points where the likelihood of a price continuation is higher. Calculations: 1. Understanding Swing highs and Swing Lows Swing High: A Swing High is formed when there is a high with 2 lower highs to the left and right. Swing Low: A Swing Low is formed when there is a low with 2 higher lows to the left and right. 2. Understanding the purpose and the underlying calculations behind Buyside, Sellside and Equilibrium levels. 3. Understanding probability calculations 1. Upon the formation of a new range, the script waits for the price to reach and tap into equilibrium or the 50% level. Status: "⏸" - Inactive 2. Once equilibrium is tapped into, the equilibrium status becomes activated and it waits for either liquidity side to be hit. Status: "▶" - Active 3. If the buyside liquidity is hit, the script adds to the count of successful buyside liquidity occurrences. Similarly, if the sellside is tapped, it records successful sellside liquidity occurrences. 5. Finally, the number of successful occurrences for each side is divided by the overall count individually to calculate the range probabilities. Note: The calculations are performed independently for each directional range. A range is considered bearish if the previous breakout was through a sellside liquidity. Conversely, a range is considered bullish if the most recent breakout was through a buyside liquidity. ---- What does the automation table display? The automation table in the AutoPilot indicator provides a summary of user-defined settings crucial for automated trade management through PineConnector and TradingView integration. It displays: PineConnector License ID: This ensures that the indicator is linked to your specific PineConnector account, allowing for personalized and secure automation of your trades. Order Type (Buy/Sell): Indicates whether the automation is set for buying or selling, which is essential for correctly executing your trading strategy. Chosen Symbol: Specifies the trading pair or symbol in your broker's platform where the trade management commands (like closing orders) will be executed. This ensures that the automation targets the correct market or asset. Risk Per Trade: Shows the percentage or amount of your capital you're willing to risk on each trade, helping you maintain consistent risk management across different trades. Comment: A field for you to input notes or identifiers, particularly useful when trading across multiple markets or instruments. This helps in tracking and managing trades across different assets or strategies. Comment: A field for you to input identifiers, particularly useful when trading across multiple timeframes or different enries. Allowing users to manage specific comments for each previously taken entry, facilitating precise management of multiple trades with unique identifiers. This table serves as a quick reference for your current settings, ensuring you're always aware of how your trades are being managed automatically before any adjustments are made or alerts are triggered. ---- How to use the indicator? To use the AutoPilot indicator: Purchase a License ID: Acquire a license ID from PineConnector. Setup PineConnector EA: Install and configure the PineConnector Expert Advisor on your MetaTrader platform. Input Settings: Enter your PineConnector license ID, choose the order type, set your risk per trade, add the order comment, and select the trading symbol in the indicator's settings. Create Alert: Right-click on the automation table, and set up an alert with the provided webhook to connect with PineConnector. Automatic Management: Once set, your active trades will be automatically managed according to the alert conditions you've set. This setup ensures your trades are managed seamlessly without constant manual intervention. ---- What makes this indicator original? Integration with PineConnector: The AutoPilot indicator's originality lies in its integration with PineConnector, which allows for real-time trade management directly from TradingView to your MetaTrader platform. This setup is unique as it combines the analytical capabilities of TradingView with the execution capabilities of MetaTrader through a custom indicator, providing a seamless bridge between analysis and action. Market Structure-Based Trailing Stop-Loss: Unlike many indicators that might use fixed percentages or ATR (Average True Range) for stop-loss adjustments, the AutoPilot indicator uses market structure (higher highs, lower lows) to dynamically adjust the stop-loss. Probability-Based Adjustments: The indicator doesn't just trail stop-losses based on price but incorporates the probability of market structure holding or breaking. This probability-based trailing mechanism is innovative, aiming to balance between giving trades room to breathe and tightening when market behavior suggests a potential reversal or continuation. Customizable Automation Table: The automation table within the indicator allows for detailed customization, including setting specific comments for trades. This feature, while perhaps not unique in concept, is original in its implementation within trading indicators, providing users with a high degree of control and personalization over trade management. Real-Time Trade Management Alerts: The ability to set up alerts directly from the indicator to manage trades in real-time via webhooks to PineConnector adds a layer of automation that's not commonly found in standard trading indicators. This real-time connection for trade management enhances its originality by reducing the lag between analysis and trade execution. User-Centric Design: The design of the AutoPilot indicator focuses heavily on user interaction, allowing for inputs like risk per trade, specific order types, and comments. This user-centric approach, where the indicator adapts to the trader's strategy rather than the trader adapting to the tool, sets it apart. External Integration for Enhanced Functionality: By leveraging external services like PineConnector for execution, the indicator extends its functionality beyond what's typically possible within TradingView alone, making it original in its ecosystem integration for trading purposes. Practical Implication: This means if you're in a trade and the market structure suggests the trend is continuing (e.g., making higher highs in an uptrend), your stop-loss might trail closer to the price but not too close to avoid being stopped out by normal fluctuations. If the structure breaks (e.g., a lower high in an uptrend), the stop-loss could adjust more aggressively to protect profits or minimize losses, anticipating a potential trend change. This combination of features creates an original tool that not only analyzes market conditions but actively manages trades based on sophisticated market structure analysis. ---- User-input settings and customizations ---- Terms and Conditions | Disclaimer Our charting tools are provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. They are not intended to forecast market movements or offer specific recommendations. Users should understand that past performance does not guarantee future results and should not base financial decisions solely on historical data. By utilizing our charting tools, the buyer acknowledges that neither the seller nor the creator assumes responsibility for decisions made using the information provided. The buyer assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses. Therefore, by purchasing these charting tools, the customer acknowledges that neither the seller nor the creator is liable for any unfavorable outcomes resulting from the development, sale, or use of the products. The buyer is responsible for canceling their subscription if they no longer wish to continue at the full retail price. Our policy does not include reimbursement, refunds, or chargebacks once the Terms and Conditions are accepted before purchase. By continuing to use our charting tools, the user acknowledges and accepts the Terms and Conditions outlined in this legal disclaimer.
Pine Script® indicator
by Fractalyst
Trailing Stop ProTrailing Stop Pro is a sophisticated TradingView indicator designed to enhance your trading strategy by dynamically managing trailing stops based on market volatility. This tool leverages the Average True Range (ATR) to adjust stop levels, providing traders with a robust mechanism to protect profits and minimize losses. Key Features: Dynamic Trailing Stops: Automatically adjusts stop levels using ATR, allowing for responsive and adaptive risk management. Customizable Inputs: Tailor the indicator to your trading style with adjustable parameters such as ATR Length, ATR Multiplier, and Source Vector. Visual Clarity: Distinct color settings for long and short stops, with adjustable line thickness and transparency, ensuring clear visualization on your charts. Professional Grade: The "Pro" designation signifies advanced features suitable for both novice and experienced traders seeking reliable and efficient stop management. How It Works: To set up the indicator, begin by defining the Chrono Point, which specifies the exact time you want the trailing stop mechanism to activate. This allows for precise control over when your stops begin to trail. Next, set the Credit Unit as the initial entry price for your trade, serving as the baseline from which the trailing stops will adjust. The indicator uses ATR-based adjustments to determine stop levels. Customize the sensitivity of the trailing stop by adjusting the ATR Length (default is 14) and ATR Multiplier (default is 0.5). A longer ATR length smooths out volatility, while a higher multiplier increases the distance of the stop from the price. Select your Source Vector from "High/Low," "Close," or "Open" prices as the basis for stop calculation. This flexibility allows you to align the indicator with your preferred trading strategy. The indicator plots trailing stops directly on the chart, with color-coded lines indicating long (teal) and short (red) positions. You can adjust the line thickness and transparency for optimal visibility. The Mission Status feature automatically detects whether the trade is long or short and adjusts the trailing stop accordingly. If the price hits the trailing stop, the trade is considered exited, and the indicator calculates the profit or loss percentage. Benefits: Risk Management: Protect your trades from adverse market movements while locking in profits as prices move favorably. Automation: Reduce manual intervention with automatic stop adjustments, allowing you to focus on strategic decision-making. User-Friendly Interface: Intuitive settings and clear visual cues make it easy to integrate into your existing trading workflow. Conclusion: Trailing Stop Pro is an essential tool for traders looking to enhance their risk management strategies with precision and ease. By automating the trailing stop process and providing clear visual feedback, this indicator empowers you to navigate the markets with confidence. Whether you're a seasoned trader or just starting, Trailing Stop Pro offers the functionality and flexibility needed to optimize your trading performance. The Trailing Stop Pro indicator is a tool designed to assist traders in managing risk and optimizing their trading strategies. However, it should not be considered as financial advice or a guarantee of profitability. Trading involves significant risk, and it is possible to lose more than your initial investment. Users are encouraged to thoroughly test the indicator in a demo environment and consider their own financial situation and risk tolerance before using it in live trading. Past performance is not indicative of future results, and users should seek advice from a qualified financial advisor if needed.
Pine Script® indicator
by Julien_Eche
3
Market Structure Trailing Stop [BigBeluga]The Market Structure Trailing Stop indicator is an advanced tool for identifying market structure shifts, liquidity sweeps, and potential trend reversals using comprehensive volume analysis. This indicator combines the analysis of market structure pivots (CHoCH - Change of Character) with a sophisticated volume-based trailing stop logic. By evaluating delta volume at key structural points, it allows traders to identify high-probability trend continuations or reversals and manage their trades more effectively. 🔵 KEY FEATURES ● Market Structure Analysis Pivot-Based Market Structure : The indicator identifies high and lows using user-defined periods, allowing traders to spot key market structure shifts. Change of Character (CHoCH) : The first significant break of a market structure is marked as a CHoCH, indicating a potential trend reversal. Break of Structure (BoS) : The indicator highlights subsequent breaks of structure after CHoCH, providing traders with crucial insights into trend strength. ● Advanced Volume Analysis Delta Volume Evaluation : The indicator calculates delta volume (difference between up and down volume) at each ChoCh or BoS market structure point to assess the strength of the move. Identify Delta Volume from break point back to Pivot ● Trailing Stop Logic Volume-Validated Trailing Stop : The indicator automatically plots a trailing stop if the delta volume at the UP CHoCH is positive and above the defined threshold and vice versa for Down CHoCH , allowing traders to protect their profits while riding the trend. Trend Weakness Detection : If a subsequent BoS occurs with negative delta volume or lower volume than the input threshold, the trailing stop disappears, indicating potential trend exhaustion or reversal. Dynamic Stop Placement : The trailing stop is dynamically adjusted based on market structure and volume, providing traders with a more adaptive stop-loss strategy. Up Trend Trailing Stop: Down Trend Trailing Stop: ● Liquidity Sweep Detection Liquidity Sweep (X) Labels : The indicator identifies liquidity sweeps—points where the price temporarily reverses to sweep liquidity above or below a key level—marked with an “X” label. Potential Reversal Zones : These liquidity sweeps are potential reversal zones, especially when accompanied by significant delta volume changes, providing traders with early warnings of potential trend reversals. 🔵 HOW TO USE ● Identifying Market Structure Shifts Change of Character (CHoCH) : When a CHoCH occurs, the indicator calculates the total volume from the high point to the break point. If the delta volume is positive and exceeds the input threshold, a trailing stop is plotted, signaling potential trend continuation. Break of Structure (BoS) : If BoS is enabled, subsequent breaks of structure are highlighted. If these BoS points show weaker volume or negative delta volume, the trailing stop will disappear, indicating that the trend may be losing strength. ● Using the Trailing Stop Feature Protecting Profits : Once a CHoCH occurs and the delta volume validates the trend, the trailing stop will be plotted below (or above) the price to protect profits while allowing the trend to run. Trend Reversal Signals : If the trailing stop disappears due to weak volume at subsequent BoS points, it may signal that the trend is losing momentum, and traders may consider closing their positions or tightening their stops manually. ● Liquidity Sweep Interpretation Spotting Reversal Zones : Liquidity sweeps, marked with an “X” label, indicate zones where the price has swept liquidity. These areas can serve as potential reversal zones, especially when significant delta volume is observed at these points. Early Reversal Warnings : Traders can use these liquidity sweep labels as early warnings for potential trend reversals, particularly in conjunction with other technical analysis methods. 🔵 CUSTOMIZATION Highs and Lows Calculation : Customize the number of bars to the left and right for identifying pivots and market structure shifts. Volume Threshold : Define the volume threshold to filter out weaker moves and focus on significant market structure shifts. BoS and Liquidity Sweep Labels : Toggle on or off the BoS and Liquidity Sweep labels to tailor the indicator to your trading style. Trend Color : Enable or disable trend coloring for candles to visually highlight uptrends and downtrends on the chart. 🔵 CONCLUSION The Market Structure Trailing Stop indicator combines advanced volume analysis with market structure detection to provide traders with a powerful tool for identifying and managing trends. By leveraging delta volume at key structure points, it helps traders validate trend strength and manage their positions with a dynamic trailing stop strategy. The addition of liquidity sweep detection further enhances its utility, offering early warnings of potential trend reversals. This indicator is ideal for traders who want to gain a deeper understanding of market structure while incorporating volume-based insights into their trading strategies.
Pine Script® indicator
by BigBeluga
10
Trailing Stop-Loss Indicator (FinnoVent)The Dynamic 9 EMA Trailing Stop-Loss Indicator is a specialized tool designed for the TradingView community to enhance risk management in trading. This script dynamically adjusts a trailing stop-loss level based on the position of the price relative to a 9-period Exponential Moving Average (EMA), offering traders a systematic approach to protect potential profits and limit downside risk. Functionality: Adaptive Trailing Stop: The indicator calculates a trailing stop-loss that adjusts with the 9 EMA, providing a responsive method to secure gains or prevent extensive losses. EMA Trend Indicator: The 9-period EMA serves as a momentum indicator, with the script adjusting the trailing stop-loss accordingly — above the EMA for short positions and below for long positions. Entry Signal Visualization: Entry signals are visualized on the chart, indicating potential long and short positions based on price crossovers with the EMA. Application: This indicator is ideal for traders who utilize technical analysis to make informed decisions. By automatically adjusting the stop-loss level to the evolving market conditions, it is particularly useful for: Day traders looking to capitalize on short-term price movements. Swing traders aiming to secure positions during more extended market waves. Any trading strategy that benefits from dynamic stop-loss management. Usage: To use the indicator, simply add it to your TradingView chart, and it will automatically plot the trailing stop levels. The green and red lines represent the trailing stops for long and short positions, respectively, providing clear visual cues for potential exit points. Compliance with TradingView House Rules: This script is provided for educational purposes and does not constitute investment advice. It is a unique creation that has been developed to contribute to the TradingView community by offering a tool that helps traders manage their trades more effectively.
Pine Script® indicator
by FinnoVent
Trailing stopHi all! This script helps to alert you when a trailing stop is hit. More specifically it alerts you when the low of the candle crosses below your trailing stop. A trailing stop follows a price positive movements. It raises your stop when price goes up, but keeps it at the same level if price goes down, so it "locks" in your profit. You define your long entry bar and choose one of the following methods for the stop: ATR The Average True Range (ATR) is popular to trail stops. The trailing stop is raised by the low minus the ATR (times a factor that can be set under the settings for ATR). EMA The Exponential Moving Average (EMA) can be used to trail your stop. When the low goes below the EMA an alert is sent about the stop. Its length can be set in the settings. SMA The Simple Moving Average (SMA) can be used to trail your stop. When the low goes below the SMA an alert is sent about the stop. Its length can be set in the settings. Source An external source can be useful as a stop signal. You can use this option that will stop you out when the signal returns anything else than "na". E.g. if you want a stop when KivancOzbilgic script "SuperTrend" () turns red, you set the source to "Supertrend: Down Trend". This option will not draw pretty things on the chart, but it will alert you! Please note that this is for long entries only. Best of trading luck!
Pine Script® indicator
by mickes
3
Auto Trailing stoploss By InvestYourAsset💥The Auto Trailing Stop-Loss indicator is a technical indicator that uses the ATR (Average True Range) to calculate a trailing stop-loss for both long and short positions. 💥The signals according to the indicator allows traders to exit from the position before its too late! The indicator can be used to determine when to enter and exit trades. 💥To use the indicator, you simply need to set the input parameters to suit your trading style and risk tolerance. The default values for the parameters are: p: The ATR period (14) q: The stop period (20) x: The multiplier used to calculate the initial high and initial low (1.5) Calculations: 📈Calculates the ATR using the specified period you can modify ATR period according to your trading style. 📈Calculates the initial high and low stop levels based on the highest high and lowest low over the user defined ATR period. 📈Calculates short and long stoploss levels using the initial high and low stops. 💥Once you have set the input parameters according to your trading style whether you are a day trader or a swing trader, the indicator will plot the short stoploss, long stoploss, and stoploss hit signals on your chart. 💥You can use the indicator to enter and exit trades in a various ways. For example, 🚀 you could enter a long trade when the price crosses above both red and green lines plotted on the chart. (or when price crosses over both short stoploss and long stoploss.) You could also use the indicator to secure your profits by moving your stop-loss up as the price moves in your favor. Here is an example of how you could use the indicator to enter and exit trades: 🚀Enter a long trade when the price crosses above the red line or short stoploss. ✅keep Moving your stop-loss upward with the long stoploss or green line. ✅Exit the trade when the price crosses below the long stoploss or green line. 💥You can also use the indicator to protect your existing trades. For example, if you are already in a long trade, you could move your stop-loss up to the short stop when the price moves up 10%. This will help you to protect your profits in case the price starts to move against you. 💥💥some additional tips for using the Auto Trailing Stop-Loss indicator: ✅Use the indicator in conjunction with other technical indicators or your own trading strategy to generate entry and exit signals. ✅Backtest your trading strategy before using it live to make sure that it is profitable. ✅Use the indicator to protect your profits by moving your stop-loss up as the price moves in your favor. ✅ Always follow risk management rules and manage your position sizing according to your risk appetite. ✅ Be aware of the overall trend direction. If the trend is up, you should be looking for bullish reversals or continuations. If the trend is down, you should be looking for bearish reversals or continuations. This script essentially provides a visual representation of a trading strategy that automatically adjusts stop-loss levels based on market volatility (ATR). It also includes signals for entering long or short positions and visually highlights these signals on the chart. 📣📣Follow us for timely updates regarding future indicators and give it a like if you appreciate the work.📣📣
Pine Script® indicator
by InvestyourAsset
2
Sublime Trading | Trailing StoplossWhat kind of traders/investors are we? We are trend followers. Our scripts are designed to be used on the higher timeframes (weekly/daily) to catch the large moves/trends in the market. Most have heard of long-term trend following. Few know how to execute the strategy. Our scripts are designed specifically to identify and invest in long-term market trends. What does this script do? The exit from a position is arguably more important than the entry. Traders/Investors will regularly find themselves in an asset based on some logic, but the exit management is very much an afterthought. Hence why traders often take profit too early and hold onto losing positions. It is emotionally driven. The Trailing Stoploss script is designed to remove the guesswork and show you precise levels you will want to consider exiting a position when an asset reverses. How is the trailing stoploss produced? The script uses the formula ATR 15 x 4. We use ATR as it produces a stoploss which is unique to the volatility of the asset. The more volatile the asset, the wider the stoploss. We use ATR 15 as it brings an average reading across half a month, incorporating days of extreme volatility. The multiplier 4 works well to avoid positions being stopped out prematurely on pullbacks. When the trailing stoploss is hit, this is where you will want to consider taking profit. What is the best timeframe to use the script? We recommend the daily timeframe as this is where trend followers enter assets to maximise the potential of long-term trends. The higher timeframes are where traders and investors take fewer positions and hold for longer time periods. The trailing stoploss follows the price of the asset a distance away to give the trend structure enough space and time to develop. A trend is ultimately a function of time. If you eliminate time, you eliminate the trend. If you eliminate the trend, you eliminate profit. The Trailing Stoploss script is necessary for investors who appreciate that profit is accumulated by letting winning positions run and not taking profit too early. What makes this script unique? Exit management and knowing when to let go of an asset is one of the main struggles budding investors face. This script has been coded specifically for the daily timeframe to: Create a trailing stoploss that is unique to the volatility of the asset. Allow investors to stay in positions for the duration of the trend over many months. To distinguish between a pullback and a market reversal, allowing for discretion. This TSL script is designed to manage positions investors take in line with long-term market trends.
Pine Script® indicator
by Sublime_Trading
Spinn: SuperStopAdaptive Trailing Stop-Loss Indicator This indicator will be beneficial for traders who have already opened a position and are looking to maximize their profits but are uncertain about the optimal time to exit. It provides clear and adaptive stop-loss levels based on market data, especially in highly volatile markets. It offers the ability to close trades automatically (through the use of web-hooks). The algorithm is based on using the Average True Range (ATR) to set stop-loss levels. The scaling factor allows you to adjust the optimal distance from the stop-loss line to the price line. A unique feature of this indicator is that the user can set the target timeframe (Target TF). This means that instead of just using the current chart's timeframe, you can set a multiplier or choose the target timeframe manually. This offers the ability to analyze volatility across different timeframes, which can be valuable for various trading strategies. The timeframe multiplier is a highlight of this indicator. When switching the current timeframe, there is no need to manually change the target timeframe - this is very convenient. The ability for automatic alerts when the price touches or crosses stop-loss levels is included. -- Индикатор адаптивных плавающих Стоп-лоссов Индикатор будет полезен для трейдеров, которые уже открыли сделку и хотят максимизировать свою прибыль, но не уверены в оптимальном моменте для выхода. Он предоставляет четкие и адаптивные уровни стоп-лоссов, основанные на рыночных данных, особенно при высокой волатильности. Дает возможность закрывать сделки в автоматическом режиме (через использование веб-хуков). Алгоритм основан на использовании среднего истинного диапазона (ATR) для определения уровней стоп-лоссов. Коэффициент масштабирования дает возможность настроить оптимальное расстояние от линии стоп-лосса до линии цены. Особенность индикатора в том, что пользователь может настроить целевой таймфрейм (Target TF). Это значит, что вместо того чтобы просто использовать текущий таймфрейм графика, можно установить множитель или выбрать целевой таймфрейм вручную. Это дает возможность анализировать волатильность на разных временных рамках, что может быть полезно для различных торговых стратегий. Множитель таймфрейма - это фишка данного индикатора. При переключении текущего таймфрейма не придется вручную менять целевой таймфрейм - это очень удобно. Предусмотрена возможность автоматических оповещений при касании или пересечении уровней стоп-лоссов.
Pine Script® indicator
by Spinn29
Limit Order + ATR Stop-Loss [TANHEF]This indicator enables interactive placement of limit or stop-limit orders with a trailing ATR stop-loss and optional profit target (with alerts). Refer to the images below for further clarification. Why use a trailing stop-loss? A trailing stop-loss serves as an exit strategy when price moves against you, while also allowing you to adjust the exit point further into profit when price moves favorably. The ATR (Average True Range), a reliable measure of volatility, acts as an effective risk management tool, functioning as a trailing stop-loss. Indicator Explanation Initial indicator placement: Select Long Limit or Long-Stop Limit order. Change Entry Type: Switch between Long and Short within settings. Modify entry price: Drag circle, adjust in settings, or re-add indicator to chart. Optional Profit Target: Use Risk/Reward ratio or specify price. Entry anticipation: Estimated ATR stop-loss and profit target as blue circles (fluctuates with volatility changes). Entry triggered: Actual ATR stop-loss and profit target plotted. Exit conditions: Stop-loss or profit target hit, exit entry. Update Frequency: Continuously, Bar Open, or Bar Open on entry then continuously. ATR Overlap: no entry occurs if the ATR overlaps with price (stop-loss 'hit' already on entry bar) Table: Displays input settings selected. Show Only On Ticker: Ability to hide indicator on other tickers. Long Limit Long Stop-Limit Short Limit Short Stop-Limit Alerts 1. 'Check' alerts to use within indicator settings (entry, trailing stop hit, profit target hit, and failed entry). 2. Select 'Create Alert' 3. Set the condition to 'Limit Order + ATR Stop-Loss'' 4. Select create. Additional details can be added to the alert message using these words in between Curly (Brace) Brackets: {{trail}} = ATR trailing stop-loss (price) {{target}} = Price target (price) {{type}} = Long or Short stop-loss (word) {{traildistance}} = Trailing Distance (%) {{targetdistance}} = Target Distance (%) {{starttime}} = Start time of position (day:hr:min) {{maxdrawdown}} = max loss {{maxprofit}} = max profit {{update}} = stoploss update frequency {{entrysource}} = entry as 1st bar source (yes/no) {{triggerentry}} = Wick/Close Trigger entry input {{triggerexit}} = Wick/Close Trigger exit input {{triggertarget}} = Wick/Close Trigger target input {{atrlength}} = ATR length input {{atrmultiplier}} = ATR multiplier input {{atrtype}} = ATR type input {{ticker}} = Ticker of chart (word) {{exchange}} = Exchange of chart (word) {{description}} = Description of ticker (words) {{close}} = Bar close (price) {{open}} = Bar open (price) {{high}} = Bar high (price) {{low}} = Bar low (price) {{hl2}} = Bar HL2 (price) {{volume}} = Bar volume (value) {{time}} = Current time (day:hr:min) {{interval}} = Chart timeframe {{newline}} = New line for text
Pine Script® indicator
by TanHef
26
Market Structure Trailing Stop [LuxAlgo]This script returns trailing stops on the occurrence of market structure (CHoCH/BOS labeling). Trailing stops are adjusted based on trailing maximums/minimums with the option for users to be able to control how quickly a trailing stop can converge toward the price. 🔶 SETTINGS Pivot Lookback: Pivot length used for the detection of swing points. Increment Factor %: Controls how fast trailing stops converge toward the price, with lower values returning slower converging trailing stops. Reset Stop On: Determines if trailing stops are reset on CHoCH structure or all (CHoCH + BOS). Show Structure: Determines if market structure is displayed. 🔶 USAGE Trailing stops allow traders to protect them against downside risk while also guaranteeing a potential profit in case the market goes in the expected direction of the trade. Users making use of market structure as a primary entry condition can benefit from having trailing stops based on these to either provide an additional exit condition or to provide points of support/resistance with the price. Trailing stops can avoid being hit more frequently by using a lower Increment Factor % setting. Finally, users can reset the trailing stop when any market structure is detected (or only on CHoCHs). Allowing trailing stops to reset on the detection of any market structure allows the indicator to return trailing stops closer to the price. CHoCH labels are highlighted as dashed lines while BOS labels are highlighted as dotted lines. 🔶 DETAILS When a new structure (or only CHoCH if specified by the user) is detected, trailing stops will initially be set based on the maximum/minimum made on the previous trend. This will also set the trailing maximum/minimum to the current price value. If an uptrend is detected (most recent market structure is bullish) then the trailing stop will increase if the trailing maximum increase, the increment is calculated as: trailing stop = trailing stop + Increment Factor % of (trailing maximum - previous trailing maximum) If a downtrend is detected (most recent market structure is bearish) then the trailing stop will decrease if the trailing minimum decrease, the decrement is calculated as: trailing stop = trailing stop + Increment Factor % of (trailing minimum - previous trailing minimum)
Pine Script® indicator
by LuxAlgo
19
Trail Blaze - (Multi Function Trailing Stop Loss) - [mutantdog]Shorter version: As the title states, this is a 'Trailing Stop' type indicator, albeit one with a whole bunch of additional functionality, making it far more versatile and customisable than a standard trailing stop. The main set of features includes: Three independent trailing types each with their own +/- multipliers: - Standard % change - ATR (aka Supertrend) - IQR (inter-quartile range) These can be used in isolation or summed together. A subsequent pair of direction specific multipliers are also included. Two separate custom source inputs are available, both feature the standard options alongside a selection of 'weighted inputs' and the option to use another indicator (selected via 'AUX'): - 'Centre' determines the value about which the trailing sum will be added to define the stop level. - 'Trigger' determines the value used for crossing of stops, initiating trend changes and triggering alerts. A selection of optional filters and moving averages are available for both. Furthermore there are various useful visualisation options available, including the underlying bands that govern the stop levels. Preset alerts for trend reversals are also included. This is not really an 'out-of-the-box' indicator. Depending upon the market and timeframe some adjustments will be necessary for it to function in a useful manner, these can be as simple or complex as the feature-set allows. Basic settings are easy to dial in however and the default state is intended as a good starting point. Alternatively with some experimentation, a plethora of unique and creative configurations are possible, making this a great tool for tweaking. Below is a more detailed overview followed by a bunch of simple example settings. ------------------------ Lengthy Version : DESIGN & CONCEPT Before we start breaking this down, a little background. This started off as an attempt to improve upon the ever-popular Supertrend indicator. Of course there are many excellent user created variants available utilising some interesting methods to overcome the drawbacks of the basic version. To that end, rather than copying the work of others, the direction here shifted towards a hybrid trailing stop loss with a bunch of additional user customisation options. At some point, a completely different project involving IQR got morphed into this one. After sitting through months of sideways chop (where this proved to be of limited use), at the time of publication the market has began to form some near term trend direction and it appears to be performing well in many different timeframes. And so with that out of the way... INPUTS The standard Supertrend (and most other variants) includes a single source input, as default set to 'hl2' (candle mid-range). This is the centre around which the atr bands are added/subtracted to govern the stop levels. This is not however the value which is used to trigger the trend reversal, that is usually hard-coded to 'close'. For this version both source values are adjustable: labelled 'centre' and 'trigger' respectively. Each has custom input selectors including the usual options, a selection of 'weighted inputs' and the option to use another indicator (selected from the Aux input). The 'weighted inputs' are those introduced in Weight Gain 4000, for more details please refer to that listing. These should be treated as experimental, however may prove useful in certain configurations. In this case 'hl-oc2' can be considered an estimate of the candle median and may be a good alternative to the default 'centre' setting of 'hl2', in contrast 'cc-ohlc4' can tend to favour the extremes in the trend direction so could be useful as a faster 'trigger' than the default 'close'. To cap them off both come with a selection of moving average filters (SMA, EMA, WMA, RMA, HMA, VWMA and a simple VWEMA - note: not elastic) aswell as median and mid-range. 'Centre' can also be set to the output of 'trigger' post-filter which can be useful if working with fast/slow crosses as the basis. DYNAMICS This is the main section, comprised of three separate factors: 'TSL', 'ATR' and 'IQR'. The first two should be fairly obvious, 'TSL' (trailing stop loss) is simply a percentage of the 'centre' value while 'ATR' (average true range) is the standard RMA-based version as used in Supertrend, Volatility Stop etc. The third factor is less common however: 'IQR' (inter-quartile range). In case you are unfamiliar the principle here is, for a given dataset, the greatest 25% and smallest 25% of samples are removed. The remainder is then treated as a set and the range is calculated by highest - lowest. This is a commonly used method in statistical analysis, by removing the extremes it is less prone to influence by outliers and gives a good representation of the main dispersion around the median. In practise i have found it can be a good alternative to ATR, translating better across multiple time-frames due to it representing a fraction of the total range rather than an average of per-candle range like ATR. Used in combination with the others it can also add a factor more representative of longer-term/higher-timeframe trend. By discarding outliers it also benefits from not being impacted by brief pumps/volatility, instead responding only to more sustained changes in trend, such as rallies and parabolic moves. In order to give an accurate result the IQR is calculated using a dataset of high, low and hlcc4 values for all bars within the lookback length. Once calculated this value is then halved which, strictly speaking, makes it a semi-interquartile range. All three of these components can be used individually or summed together to create a hybrid dynamics factor. Furthermore each multiplier can be set to both positive and negative values allowing for some interesting and creative possibilities. An optional smoothing filter can be applied to the sum, this is a basic SWMA-4 which is can reduce the impact of sudden changes but does incur a noticeable lag. Finally, a basic limiter condition has been hard-coded here to prevent the sum total from ever going below zero. Capping off this section is a pair of direction multipliers. These simply take the prior dynamics sum and allow for further multiplication applied only to one side (uptrend/lo-stop and downtrend/hi-stop). To see why this is useful consider that markets often behave differently in each direction, we've all seen prices steadily climb over several weeks and then abruptly dump in the process of a day or two, shorter time frames are no stranger to this either. A lack of downside liquidity, a panicked market, aggressive shorts. All these things contribute to significant differences in downward price action. This function allows for tighter stops in one direction compared to the other to reflect this imbalance. VISUALISATIONS With all of these options and possibilities, some visual aids are useful. Beneath the dynamics' section are several visual options including both sources post-filter and the actual 'bands' created by the dynamics. These are what govern the stop levels and seeing them in full can help to better understand what our various configurations actually do. We can even hide the stop levels altogether and just use the bands, making this a kind of expanded Keltner Channel. Here we can also find colour and opacity settings for everything we've discussed. EXAMPLES The obvious first example here is the standard %-change trailing stop loss which, from my experience, tends to be the best suited for lower time frames. Filtering should probably minimal here. In both charts here we use the default config for source inputs, the top is a standard bi-directional setup with 1.5% tsl while the bottom uses a 2.5% tsl with the histop multiplier reduced to 0 resulting in an uptrend only stoploss. Shown here in grey is the standard Supertrend which uses 'hl2' as centre and 'close' as trigger, ATR(10) multiplied by 3. On top we have the default filtered source config with ATR(8) multiplied by 2 which gives a different yet functionally similar result, below is the same source config instead using IQR(12) multiplied by 2. Notice here the more 'stepped' response from IQR following the central rally, holding back for a while before closing in on price and ultimately initiating reversal much sooner. Unlike ATR, the length parameter for IQR is absolute and can more significantly affect its responsiveness. Next we focus on the visualisation options, on top we have the default source config with ATR(8) multiplied by 2 and IQR(12) multiplied by 1. Here we have activated the switch to show 'bands', from this we can see the actual summed dynamics and how it influences the stop levels. Below that we have an altogether different config utilising the included filters which are now visible. In this example we have created a basic 8/21 EMA cross and set a 1% TSL, notice the brief fakeout in the middle which ordinarily might indicate a buy signal. Here the TSL functions as an additional requirement which in this case is not met and thus no buy signal is given. Finally we have a couple of more 'experimental' examples. On top we have Lazybear's 'Variable Moving Average' in white which has been assigned via 'aux' as the centre with no additional filtering, the default config for trigger is used here and a basic TSL of 1.5% added. It's a simple example but it shows how this can be applied to other indicators. At the bottom we return to the default source config, combining a TSL of 8% with IQR(24) multiplied by -2. Note here the negative IQR with greater length which causes the stop to close in on price following significant deviations while otherwise remaining fairly wide. Combining positive and negative multiples of each factor can yield mixed results, some more useful than others depending upon suitable market conditions. Since this has been quite lengthy, i shall leave it there. Suffice to say that there are plenty more ways to use this besides these examples. Please feel free to share any of your own ideas in the comments below. Enjoy.
Pine Script® indicator
by mutantdog
20
Anti-trap Trailing Stop Loss by KalyanBetaAnti-trap Trailing Stop Loss by KalyanBeta or ATSL ATSL changes color when there it identifies price manipulation/ SL Hunting / Traps by Smart Money. Change in color may be an exit signal for your trade in current direction. This is a very simple indicator which can be used to predict Traps or Stop-loss hunting. This can help in Trailing Stop-loss and in Exit decisions along with your own strategy. ATSL may be used in all timeframes. Please back-test it along with your strategy and then use it for Trailing the Stop-loss without getting trapped by operators and stop-loss hunters. All the best. Do post your feedback in comments below. Thank you.
Pine Script® indicator
by TraderKalyanB
2
Interactive ATR Stop-Loss [TANHEF]This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (ATR Trailing Stop-loss start point). See images below for more explanation. Why use a trailing stop-loss? A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point further into profit when price is moving in the desired direction of a trade. The ATR (Average True Range) which is used to measure volatility, is very effective at functioning as a trailing stop loss. Indicator Explanation Initially when this indicator is added to the chart, you will be prompted to select where to begin the ATR Trailing Stop-loss. For a long stop-loss, select below price. For a short stop-loss, select above price. After this indicator is placed, it can be modified via dragging or from within the settings by modifying the time and the price input. Or simply re-add the indicator to the chart. The ATR Stop Loss plotted. Note that the trailing value that is considered as the stop loss value is the value of the ATR from the prior candle. The settings for the ATR calculation can be modified within the settings. An optional fixed profit target can be added within the settings. This profit target will only actively be plotted when the ATR Trailing Stop-loss has not be hit hit yet or until the profit target has been hit. Here shows that the profit target was hit, then later on the ATR Trailing Stop-loss was hit. Note, trailing stop-loss will continue to be plotted until it has been hit regardless of the profit target being hit or not. Alerts 1. 'Check' alerts to use within indicator settings (trailing stop hit and/or profit target hit). 2. Select 'Create Alert' 3. Set the condition to 'Interactive ATR'' 4. Select create.
Pine Script® indicator
by TanHef
48
ATR alerts & backtestingThe Basics Alert will trigger if the current (real time) price surpasses the high of the ATR of the previous bar. (can also be set for the Low of the ATR). Each time the follow up candle surpasses the high of the previous ATR, the background will be coloured orange. This makes back testing easier on the eye. This can be turned off. - Colours can be changed. - Can also set a color and alert when the current price surpasses the Low of the ATR of the previous bar. - ATR distance can be changed. - Can be used on different chart types. - Can be used as entry or exits in combination with bots. - Can display only ATR top or bottom or both. Example An alert will trigger if the price of the current bar surpasses the red dot (ATR) of the previous bar. Alerts can be created on all timeframes, if this is within your Tradingview plan. Final Words Disclaimer: Please use it with care and at own risk. The owner of this indicator is not liable for any financial losses. Past performance is no guarantee of future returns.
Pine Script® indicator
by Kch28