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Manual position tracking overlay with Fibonacci levels, ATR-based stops, and Chandelier trailing stop. Visualizes entries, targets, stop losses with real-time P&L and R:R calculations.
#### Features
Position Visualization
- Two entry levels with average entry calculation
- Two target levels (T1 and T2)
- Original pivot points display (SP1/SP2 for shorts, LP1/LP2 for longs)
Stop Loss Management
- Fixed initial stop loss (typically ATR-based)
- Chandelier Trailing Stop - Activates after Target 1 is hit
- Automatic breakeven protection after T1
- Visual distinction between fixed and trailing stops
### Chandelier Trailing Stop Logic
The Chandelier stop provides dynamic trailing protection after your first target is hit:
For SHORT positions:
- Tracks the lowest low since position opened
- Stop = Lowest Low + (ATR × Chandelier Multiple)
- Only moves down (in your favor), never up
For LONG positions:
- Tracks the highest high since position opened
- Stop = Highest High - (ATR × Chandelier Multiple)
- Only moves up (in your favor), never down
After T1 Hit:
- Stop automatically moves to at least breakeven
- Chandelier can trail beyond breakeven if price continues favorably
#### Features
Position Visualization
- Two entry levels with average entry calculation
- Two target levels (T1 and T2)
- Original pivot points display (SP1/SP2 for shorts, LP1/LP2 for longs)
Stop Loss Management
- Fixed initial stop loss (typically ATR-based)
- Chandelier Trailing Stop - Activates after Target 1 is hit
- Automatic breakeven protection after T1
- Visual distinction between fixed and trailing stops
### Chandelier Trailing Stop Logic
The Chandelier stop provides dynamic trailing protection after your first target is hit:
For SHORT positions:
- Tracks the lowest low since position opened
- Stop = Lowest Low + (ATR × Chandelier Multiple)
- Only moves down (in your favor), never up
For LONG positions:
- Tracks the highest high since position opened
- Stop = Highest High - (ATR × Chandelier Multiple)
- Only moves up (in your favor), never down
After T1 Hit:
- Stop automatically moves to at least breakeven
- Chandelier can trail beyond breakeven if price continues favorably
Nota Keluaran
Auto SL with override featureSkrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.