Rate Trail Indicator

5 jam lalu

Rate Trail Indicator Precision Trailing Stop & Multi-Timeframe Highs

Description The Rate Trail Indicator V2 is a professional-grade risk management tool designed to declutter your charts while providing precise, dynamic stop-loss levels. Unlike traditional indicators that paint a continuous "trail" or history across the chart, this script utilizes a Single Line visual approach. It draws only the currently active stop-loss level as a distinct horizontal line, keeping your workspace clean and focused on current price action.

This updated version now includes extensive Multi-Timeframe (MTF) Support, allowing you to overlay key Intraday and Higher Timeframe (HTF) highs directly on your chart.

Key Features

• [] Clean "Single Line" Visuals: Removes historical noise by plotting only the active stop-loss level and a dedicated price label. [] Dual Logic Modes:
  • [] Percentage Mode: Classic trailing stop based on a percentage drop from the high. [] Renko Mode: Volatility-based stop that counts exact "Bricks" (supports decimals like 1.5 bricks).
  [] Dynamic Reset: The stop trails the "Lifetime High" of the current trend. If the stop is breached, it automatically resets to the current price to begin a new trail immediately. [] MTF High Breakout Levels: Optional toggles to display previous Intraday Highs (2H, 4H, 6H, 12H) and Historical Highs (1W, 2W, 1M, 3M). [] Rolling 3-Month Logic: The 3M level now uses a "Rolling" lookback (Highest of the last 3 monthly candles) rather than a fixed calendar quarter, ensuring the data is always recent and relevant. [] Full Customization: Control line styles (Solid, Dashed, Dotted), colors, and widths for every level independently via the inputs.

How to Use & Settings

1. Main Trailing Stop Setup Configure your primary risk line (Red Line) in the "Main Trailing Stop" group.

• [] Stop-Loss Mode: Select Percentage for standard equity/crypto trading (e.g., 2% trail) or Renko Boxes for Renko charts. [] Renko Boxes Down: Enter the number of bricks to trail. You can use decimals (e.g., 1.5) for fine-tuning. [] Use Fixed Lookback?:
  • [] Unchecked (Default): The script tracks the "Infinite High" since the last reset. This is ideal for catching long trends.
  • Checked: The script only looks at the highest price of the last X bars. This creates a more "rolling" stop-loss.

2. Intraday & Historical Highs (Resistance/Breakout) Enable up to eight additional lines to see where the price peaked on other timeframes. These act as strong breakout or resistance levels.

• [] Intraday Highs: Show the high of the previous 2H, 4H, 6H, or 12H session. [] 1W / 1M Highs: The highest price of the previous Week or Month. [] 2W High: The highest price of the last 2 Weeks. [] 3M High (Updated): The highest price of the last 3 Months (Rolling). This updates monthly, ensuring you aren't looking at data that is 6 months old.

3. Alerts You can set specific alerts to automate your trading or get notified instantly.

• [] Main Stop Breached: Fires when price closes below your trailing stop line. [] MTF High Cross: Fires when price crosses under any of the enabled Intraday or HTF High levels (2H, 4H, 1W, 3M, etc.).

4 jam lalu

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