Trailing Stop Loss Smart [TradingFinder] Market Trend + CVD/EMA🔵 Introduction
Trailing Stop Loss (TSL) is one of the most powerful tools available. A Trailing Stop Loss is a modification of a typical stop order that adjusts dynamically based on market price movement. It can be set at a defined percentage or dollar amount away from the security's current market price, making it a flexible tool for locking in profits while minimizing risk. Unlike standard stop-loss orders, a Trailing Stop follows the market in the direction of the trade, protecting gains without requiring constant manual adjustments.
The Trailing Stop Loss Smart (TFlab Trailing Stop) indicator takes this concept even further by incorporating advanced metrics like Cumulative Volume Delta (CVD), volume dynamics, and Average True Range (ATR). This combination not only enhances risk management but also acts as a trend identifier, providing traders with a powerful tool to capitalize on both short-term and long-term price movements.
This indicator also supports various Order Types, allowing for flexible strategies that include a trailing stop/stop-loss combo to maximize winning trades while minimizing losses. The trailing stop limit is particularly useful for traders who want to set their stop at a precise level relative to the current market price, either by a percentage or a dollar amount. The Trailing Stop Loss Smart indicator can help ensure that traders do not exit too early during trends, while the stop-loss feature kicks in during reversals.
The advantages of using a Trailing Stop Loss are its ability to protect profits and reduce the emotional decision-making process in volatile markets. However, like all trading strategies, it has disadvantages, such as the risk of triggering too early during normal market fluctuations. By understanding how the Trailing Stop Loss Smart indicator integrates features like CVD, ATR, and volume analysis, traders can leverage its full potential while navigating these pros and cons.
With its unique ability to track market movements and trends using Cumulative Volume Delta, volume dynamics, and ATR-based trailing stops, this indicator offers a complete solution for traders looking to secure profits while minimizing downside risk. Whether you're employing a simple trailing stop or a trailing stop/stop-loss combo, this tool provides all the flexibility and precision needed to execute winning trades in various markets, including Forex, Crypto, and Stock.
🔵 How to Use
The Trailing Stop Loss Smart indicator integrates multiple advanced components to provide traders with superior risk management and trend identification.
Here’s how each part of the logic works :
🟣 Cumulative Volume Delta (CVD) Logic
The CVD tracks buying and selling pressure by calculating the difference between upward and downward price movements. When there’s more buying pressure, the CVD is positive, indicating a potential bullish trend. Conversely, more selling pressure results in a negative CVD, pointing to a bearish trend.
CVD Trend Detection : The indicator determines whether the market is in a bullish or bearish phase by comparing the CVD to its moving average. A bullish trend is confirmed when the CVD is above its moving average and the price is closing higher.
A bearish trend occurs when the CVD is below its moving average and the price is closing lower. This trend detection is critical for determining whether the trailing stop should be placed below the price (bullish) or above it (bearish).
🟣 Volume Dynamics
Volume is a key factor in identifying market strength. The Trailing Stop Loss Smart indicator pulls volume data based on the market selected (Forex, Crypto, or Stock) and adjusts the trailing stop based on whether the market is experiencing high volume or low volume.
High Volume : When the current volume exceeds the average volume, the market is in a high-volume state. During these conditions, the trailing stop is placed closer to the price, as high volume often indicates strong trends with less chance of reversals.
Low Volume : In low-volume conditions, the trailing stop gives the market more room to breathe by placing the stop further away from the price. This prevents premature stop-outs in periods of reduced market activity.
🟣 ATR-Based Trailing Stop
The Average True Range (ATR) is used to measure market volatility. The Trailing Stop Loss Smart uses the ATR to dynamically adjust the stop-loss distance.
Bullish Market : When a bullish trend is detected, the trailing stop is placed below the lowest price of the recent bars (determined by the Bar Back parameter), and adjusted by the ATR Multiplier. This allows for tighter protection during strong bullish trends.
Bearish Market : When the market is bearish, the trailing stop is placed above the highest price of recent bars, also adjusted by the ATR Multiplier. This ensures that short positions are safeguarded against sudden reversals.
🟣 Dynamic Stop-Loss Updates
The trailing stop is updated every few bars (according to the Refiner parameter), ensuring it remains relevant to the most recent price action and volume changes. This dynamic feature ensures the stop-loss adapts to both trending and volatile market conditions, without requiring manual intervention.
High Volume with Trends : In periods of high volume and a confirmed trend, the stop-loss is positioned tightly to lock in profits while minimizing the risk of reversal.
Low Volume with Trends : In low-volume conditions, the stop-loss is placed further from the price, allowing the market to move freely without triggering premature exits.
🟣 Visual Representation
The indicator visually represents the trailing stop on the chart, with green lines indicating bullish trends and red lines for bearish trends. This visual aid helps traders quickly assess the state of the market and the position of their trailing stop in real-time.
🔵 Settings
The Trailing Stop Loss Smart indicator offers several customizable settings to suit various trading strategies. Understanding these inputs is key to optimizing the tool for your specific trading style.
🟣 General Settings
Cumulative Mode : This controls how the CVD is calculated.
You can choose between :
EMA : Exponential Moving Average smoothing.
Periodic : Sums the delta over a fixed period.
CVD Period : Defines the look-back period for CVD calculation. A longer period smooths the data, making it less sensitive to short-term fluctuations.
Ultra Data : This Boolean input aggregates volume across multiple exchanges for a more comprehensive view of market activity.
Market Ultra Data : Select between Forex, Crypto, and Stock to ensure the indicator pulls accurate volume data for your market.
🟣 Logical Settings
Moving Average CVD Period : Defines the period for the moving average of the CVD. A longer period smooths the trend, reducing noise.
Moving Average Volume Period : Sets the period for the moving average used to distinguish between high and low volume conditions.
Level Finder Bar Back : Determines how many bars to look back when identifying the highest or lowest price for trailing stop placement.
Levels update per candles : Sets how often (in bars) the trailing stop should be updated to remain in sync with market movements.
ATR On : Toggles the use of ATR to adjust the trailing stop based on volatility.
ATR Multiplie r: Defines how far the stop is placed from the price based on the ATR. A larger multiplier increases the stop distance, reducing the likelihood of getting stopped out during market fluctuations.
ATR Multiplier Adjusts the distance of the trailing stop based on the ATR. A higher multiplier places the stop further from the price, providing more breathing room in volatile markets.
🔵 Conclusion
The Trailing Stop Loss Smart indicator is a comprehensive tool for traders looking to manage risk while identifying market trends. By incorporating Cumulative Volume Delta (CVD) to detect buying and selling pressure, volume dynamics to gauge market activity, and ATR to adjust for volatility, this indicator ensures that stop-loss levels are both adaptive and protective.
Whether you’re trading in Forex, Crypto, or Stock markets, the Trailing Stop Loss Smart allows you to capitalize on trends while dynamically adjusting to changing market conditions. Its ability to distinguish between high-volume and low-volume periods ensures that you’re not stopped out prematurely during periods of consolidation or market hesitation.
By providing real-time visual feedback, dynamic adjustments, and trend identification, this indicator serves as a vital tool for traders aiming to maximize profits while minimizing risk. Its versatility and adaptability make it an essential part of any trader’s toolkit, helping you stay ahead in fast-moving markets while safeguarding your positions.
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Position Size Using Manual Stop Loss [odnac]
This indicator calculates the risk per position based on user-defined settings.
Two Calculation Methods
1. Manual Stop Loss (%) & Manual Leverage
2. Manual Stop Loss (%) & Optimized Leverage
Settings
1. init_capital
Enter your current total capital.
2. Maximum Risk (%) per Position of Total Capital
Specify the percentage of your total funds to be risked for a single position.
3. manual_SL(%)
Enter the stop-loss percentage.
Range: 0.01 ~ 100
4. manual_leverage
Enter the leverage you wish to use.
Range: 1 ~ 100
Used in the first method (Manual Stop Loss (%) & Manual Leverage).
5. Safety Margin
Specify the safety margin for optimized leverage.
Range: 0.01 ~ 1
Used in the second method (Manual Stop Loss (%) & Optimized Leverage). Details are explained below.
Indicator Colors
Black: Indicates which method is being used.
White: Leverage.
First Green: Funds to be invested.
Second Green: Funds to be invested * Leverage.
First Red: Stop-loss (%).
Second Red: Stop-loss (%) * Leverage.
Details for Each Method:
1. Manual Stop Loss (%) & Manual Leverage
This method calculates the size of the funds based on user-defined stop-loss (%) and leverage settings.
White: manual_leverage.
First Green: Investment = Maximum Risk / (manual_SL / 100) / manual_leverage
Second Green: Maximum Risk * (manual_SL / 100)
First Red: manual_SL.
Second Red: manual_SL * manual_leverage
Ensure that the product of manual_SL and manual_leverage does not exceed 100.
If it does, there is a risk of liquidation.
2. Manual Stop Loss (%) & Optimized Leverage
This method calculates optimized leverage based on the user-defined stop-loss (%) and determines the size of the funds.
Optimization_LEVER = auto_leverage * safety_margin
auto_leverage = 100 / stop-loss (%), rounded down to the nearest whole number.
(Exception: If the stop-loss (%) is in the range of 0 ~ 1%, auto_leverage is always 100.)
Example:
If the stop-loss is 4%, auto_leverage = 25 (100 / 4 = 25).
However, 4% × 25 leverage equals 100%, meaning liquidation occurs even with a stop-loss.
To reduce this risk, the safety_margin value is applied.
White: auto_leverage * safety_margin
First Green: Investment = Maximum Risk / (manual_SL / 100) / optimization_LEVER
Second Green: Maximum Risk * (manual_SL / 100)
First Red: manual_SL.
Second Red: manual_SL * optimization_LEVER
User-Defined RSI-Adaptive Dynamic Stop Loss User-Defined RSI-Adaptive Dynamic Stop Loss
(Long name is: User-Defined RSI-Adaptive Smart Dynamic Stop Loss (SDSL) Indicator)
The User-Defined RSI-Adaptive SDSL Indicator is an enhanced version of the Smart Dynamic Stop Loss (SDSL) indicator. It provides a more adaptive risk management strategy by adjusting the stop loss level dynamically based on the Relative Strength Index (RSI). The script allows users to define the stop loss parameters, offering a flexible approach that can be tailored to different market conditions.
How It Works / Calculation:
RSI Calculation: The indicator calculates the RSI (Relative Strength Index) over a user-defined period (default 14). The RSI is used to determine market overbought and oversold levels, which are set by default at 70 and 30, respectively, but these levels can be adjusted by the user.
Adaptive Stop Loss Percentage: The stop loss percentage is dynamically adjusted between user-defined maximum (default 10%) and minimum (default 1%) values. This percentage adapts based on the current RSI value:
When RSI is in the oversold zone, the stop loss percentage is at its maximum (providing a wider margin).
When RSI is in the overbought zone, the stop loss percentage is at its minimum (tightening the stop to secure gains).
Dynamic Stop Loss Calculation:
Initialization: If no existing stop loss level is set, it initializes at a user-defined percentage below the current closing price.
Upward Movement: If the price rises above the current stop loss level, the stop loss is recalculated to stay within the adaptive range.
Price Crosses Below Stop Loss: If the price falls below the current stop loss level, the indicator resets, establishing a new stop loss level at the user-defined percentage below the low of the candle where the crossover occurred.
Visual and Data Display:
The stop loss line is plotted on the chart for easy visualization.
A data box on the chart provides real-time updates on the current dynamic stop loss level, stop loss percentage, and RSI value.
Key Features:
User-Configurable Parameters: Users can adjust the RSI period, overbought/oversold levels, and the maximum and minimum stop loss percentages to suit their trading style and risk tolerance.
Dynamic Adaptation to Market Conditions: The stop loss level automatically adjusts according to RSI, allowing for more flexible risk management.
Visual Alerts and Signals : Optional visual signals indicate when the stop loss is triggered.
Informational Display: A table on the chart displays current indicator data for quick reference.
Note:
This script builds upon the previously developed "Smart Dynamic Stop Loss (SDSL) Indicator" and enhances its functionality by incorporating RSI-based adaptive stop loss settings that users can customize.
Trailing Stop Loss SuperTrendThe Trailing Stop Loss SuperTrend indicator is a popular technical analysis tool used by traders to identify trends and determine optimal entry and exit points in financial markets. This indicator combines elements of the SuperTrend indicator and trailing stop loss orders to provide valuable insights into market trends and potential reversals. By incorporating Average True Range (ATR) calculations, it adapts to market volatility, making it suitable for various trading strategies. Let's explore the key use cases and benefits of the Trailing Stop Loss SuperTrend indicator:
Trend Identification:
The primary purpose of the Trailing Stop Loss SuperTrend indicator is to identify market trends. It plots two lines on the chart: an upper band (referred to as the "up" line) and a lower band (referred to as the "dn" line). The direction of these bands helps traders determine the prevailing trend. When the price is above the upper band, it suggests a bullish trend, and when it is below the lower band, it indicates a bearish trend.
Entry and Exit Signals:
The Trailing Stop Loss SuperTrend indicator generates entry and exit signals based on trend changes. When the trend changes from bearish to bullish, a buy signal is triggered, indicating a potential entry point. Conversely, when the trend changes from bullish to bearish, a sell signal is generated, suggesting a possible exit or short-selling opportunity. These signals can be used in conjunction with other trading strategies or indicators to enhance trading decisions.
Trailing Stop Loss Orders:
One of the distinguishing features of the Trailing Stop Loss SuperTrend indicator is its ability to incorporate trailing stop loss orders. Traders can use the indicator's upper and lower bands as trailing stop levels to protect profits and manage risk. For example, in a bullish trend, the stop loss level can be set at the lower band, and as the price rises, the stop loss level trails along with it, locking in profits and reducing potential losses.
Volatility Adaptation:
By incorporating the ATR (Average True Range) calculation, the Trailing Stop Loss SuperTrend indicator adjusts its sensitivity to market volatility. A higher ATR multiplier widens the distance between the price and the bands, accommodating higher volatility, while a lower multiplier tightens the bands during periods of lower volatility. This adaptability makes the indicator versatile and suitable for various market conditions.
Alerts and Notifications:
The Trailing Stop Loss SuperTrend indicator provides the ability to set alerts for specific events, such as trend changes, buy signals, and sell signals. Traders can receive real-time notifications via email, SMS, or on-platform alerts, ensuring they stay informed about potential trading opportunities and important market developments.
Conclusion:
The Trailing Stop Loss SuperTrend indicator is a valuable tool for traders seeking to identify trends, generate entry and exit signals, and effectively manage risk. Its ability to adapt to market volatility and incorporate trailing stop loss orders enhances trading strategies and decision-making. By combining the SuperTrend concept with trailing stop loss functionality, this indicator provides traders with a comprehensive approach to trend analysis and risk management. Whether used in isolation or in conjunction with other indicators, the Trailing Stop Loss SuperTrend indicator offers a powerful tool for navigating the dynamic world of financial markets.
Fixed price Stop Loss [Takazudo]This strategy is a demo for fixed price stop loss.
This strategy enables you to specify fixed price stop loss. Let's say your deposit is USD. When you trade EURCAD, you need to specify the quantity for trade. Here comes three chances for trade.
A: SL pips: 500
B: SL pips: 200
C: SL pips: 100
In these trade, the risk is different for each. ABC risk ratio is 5:2:1. And, you cannot know how much to lose if the price hits the stop loss. This is a huge problem.
With this strategy, You can specify the fixed risk price for each trade. If you specify 100 USD for the risk, this strategy calculates how much quantity to buy or sell for each entry. In the case above, this strategy guides you how much quantity to buy or sell like below.
A: 2,000 qty (SL: 500pips)
B: 5,000 qty (SL: 200pips)
C: 10,000 qty (SL: 100pips)
If you make entries with those quantity and the price hits the stop loss, You will lose the money like below.
A: 100 USD
B: 100 USD
C: 100 USD
This is what this script does. Fixed price SL.
I tested this caliculation for OANDA's main 28 currency pairs forex listed below.
AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY
I may add more pairs later.
Note: The entry strategy in this script is not intented to win. Check the result. Be careful.
CUT MY LOSSESS - Levereged Stop loss + R / R ratio checker Hello traders!
We have heard many times that keep your losses small and allow your profits to grow. But what happens is that we often make the mistake of doing high-margin trades that we cannot afford to lose. The main reason for this problem, in my opinion, is the rush to open a position and not paying attention to how much acceptable loss in each trade is for us? Is our stop loss point compatible with the loss we are willing to accept?
Many of the losses we incur are not due to our erroneous analysis but to the wrong trading strategy, miscalculation of Stop Loss and failure to calculate the Risk/Reward for each trade. At least for most novice traders, these mistakes happen .
This script does not have complicated logic and is designed only as a help for those who are not interested in working with calculators !! I hope that sometimes that we are very excited to buy, looking at this script can give us a serious flip to avoid risk .
This is a basic script that helps us to intuitively check our stop loss in according to our leverage and to guess the approximate risk/reward of our trade. This script assumes that you always trade with half of your total capital. It is also assumed that you routinely use up to ten percent of your capital for each trade. Therefore, the first variable in this script is the amount of tolerable loss in each trade for you, which is set to 25% by default. So if you follow the previous assumptions, each trade will endanger 2.5% of your capital.
Since not all analyzes are ever accurate, we need to enter into positions that have good Risk/Reward ratio, so that even if half of our analysis fails, we will profitable. Therefore, the second variable in this script is the acceptable Risk/Reward ratio for us, which is set to 1:4 by default.
Also, to check the efficiency of the stop-loss with different trading leverage, I add five leverage by default from 1 to 5 as lines on the side of your stop-loss point.
LeV A (Lowest Leverage-WHITE): 1 by default
LeV B (AQUA): 2 by default
LeV C (YELLOW): 3 by default
LeV D (ORANGE): 4 by default
LeV E (Highest Leverage-RED):5 by default
You can change all these leverages and Acceptable margin loss and R/R ratio according to your needs.
You can also hide the leverage lines you are not dealing with through the script settings .
You will also see lines on the side of your target point to check your risk/reward ,so you can approximate your target according to your trading leverage and the risk/reward you accept. you can also hide these R/R lines from the setting.
Important Note: This script is not designed to give you a stop loss point or take profit point.
To find these points, you must use technical analysis methods , and then use this script to check the coordination of these points with your trading strategy.
Using the script is simple, but I will try to explain it with a few examples.
Smart Stop-Loss (SSL)Smart Stop-Loss (SSL) Indicator
Overview
The Smart Stop-Loss (SSL) indicator is an advanced risk management tool designed to help traders set dynamic stop-loss levels based on market structure, volatility, and momentum. Unlike traditional fixed stop-loss methods, SSL adapts to changing market conditions, helping to avoid premature exits while protecting capital during true reversals.
Key Features
1. Volatility-Based Adjustments
- Uses Average True Range (ATR) to measure market volatility
- Automatically widens stop-loss during volatile periods and tightens during calm markets
- Customizable ATR multiplier (default: 1.5x) to adjust sensitivity
2. Market Structure Integration
- Identifies significant swing highs and lows to establish support/resistance levels
- Places stop-loss levels beyond these structural points to avoid common stop hunts
3. Fair Value Gap (FVG) Detection
- Identifies imbalances in order flow that often lead to strong directional moves
- Bullish FVG: A gap up where the current high is below previous low
- Bearish FVG: A gap down where the current low is above previous high
4. Smart Stop-Loss Tightening
- Automatically tightens stop-loss when FVGs are mitigated (filled)
- Uses RSI as a momentum filter to prevent premature adjustments
- Creates a trailing effect that locks in profits as trades move favorably
How to Use
For Long Positions:
1. **Entry**: Look for bullish FVG formations (green step line appears)
2. **Stop-Loss Placement**: Set your stop at or slightly below the green step line
3. **Stop Adjustment**: When price closes above the FVG zone and RSI > 50, the stop will automatically tighten
4. **Exit**: Exit the position when price closes below the green line or when your profit target is reached
For Short Positions:
1. **Entry**: Look for bearish FVG formations (red step line appears)
2. **Stop-Loss Placement**: Set your stop at or slightly above the red step line
3. **Stop Adjustment**: When price closes below the FVG zone and RSI < 50, the stop will automatically tighten
4. **Exit**: Exit the position when price closes above the red line or when your profit target is reached
Real-World Examples
Example 1: Trend Continuation
In an uptrend, when a bullish FVG appears, it often indicates institutional buying pressure. The SSL will place a stop below the swing low with an ATR buffer. As price continues upward and mitigates the FVG, the SSL tightens to protect profits while allowing the trend to continue.
Example 2: Avoiding Premature Exits
During normal market fluctuations, traditional fixed stops might get triggered too early. The SSL's adaptive nature accounts for volatility, keeping you in profitable trades longer by positioning stops beyond noise levels.
Example 3: Protecting Against Reversals
When a true reversal occurs, the momentum filter (RSI) will confirm the change in direction, allowing the SSL to maintain wider protection rather than prematurely tightening in a false move.
Tips for Best Results
1. **Timeframe Selection**: Works best on 1H, 4H and daily charts where market structure is more reliable
2. **Combine with Trend Analysis**: Use in conjunction with trend identification tools
3. **ATR Adjustment**: Increase the ATR multiplier for more volatile instruments
4. **Alert Setup**: Configure the built-in alerts to notify you when stop levels are breached
5. **Visual Confirmation**: The labels show exact stop values to help with order placement
Disclaimer
This indicator is provided for informational and educational purposes only. While it uses advanced techniques to determine potential stop-loss levels, no indicator can predict market movements with certainty. Always manage your risk appropriately and never risk more than you can afford to lose. Past performance is not indicative of future results. The developer of this indicator accepts no liability for trading losses incurred from its use. Always test thoroughly on demo accounts before using in live trading.
ATR Stop LossThe ATR Stop Loss indicator is designed to assist traders in managing risk by calculating dynamic stop loss levels based on the Average True Range (ATR). By considering market volatility, this tool helps identify optimal stop loss placements for both long and short positions, making it easier for traders to protect their investments and avoid premature exits.
Features:
Customizable ATR period and multiplier to adapt to different trading strategies and market conditions.
Displays stop loss levels directly on the chart for quick decision-making.
Works across various timeframes and assets, offering flexible application in diverse trading scenarios.
How It Works: The indicator calculates the ATR over a specified period and multiplies it by a user-defined value to plot stop loss levels above or below the current closing price. For long positions, the stop loss level is set below the price, while for short positions, it is set above. These levels help traders set stops that account for current market volatility, reducing the likelihood of getting stopped out by minor fluctuations.
Usage: Add the ATR Stop Loss indicator to your chart, customize the ATR period and multiplier as needed, and use the visualized stop loss levels to manage your trades with greater precision and confidence.
Disclaimer: The ATR Stop Loss indicator is provided for educational and informational purposes only and should not be construed as financial or investment advice. Trading involves substantial risk and is not suitable for every investor. Users are solely responsible for any trading decisions they make based on the use of this indicator. Past performance is not indicative of future results. Always conduct your own analysis and consult with a qualified financial professional before making any trading decisions. EdgeLab and its creator bear no liability for any financial losses or other damages resulting from the use of this indicator.
ATR, Chop, Profit Target and Stop Loss TableThe ATR Table indicator is a versatile tool that helps traders visually and quantitatively manage risk, identify market conditions, and set profit targets and stop-loss levels. It is designed to enhance decision-making by incorporating key volatility and chop (market consolidation) signals into a comprehensive table format.
Key Features:
Average True Range (ATR) Calculation : The indicator computes the ATR over a user-defined period (default 14). ATR helps to measure market volatility, providing insights into how much an asset's price typically moves within a given period.
Stop Loss and Profit Target Calculation : You can configure stop-loss and profit target levels using multipliers based on the ATR. This allows dynamic risk management that adjusts to market volatility:
Stop Loss : Defined as a multiple of the ATR to help control losses.
Profit Target : Also based on a multiple of the ATR to lock in gains. The user can specify whether they are trading long or short, and the indicator adjusts the levels accordingly.
Customizable Plot Lines : The indicator can display the Stop Loss and Profit Target levels directly on the chart. Users can toggle these lines on or off and customize their colors.
Chop Signa l: The indicator highlights potential consolidation periods (chop) using a wick-based analysis. It calculates the highest upper or lower wick values and compares them to the ATR to detect periods of indecision or consolidation.
Table Display : When these wick values exceed the ATR by a user-defined multiplier, the corresponding table rows are highlighted.
Background Alerts : Optionally, users can activate background color changes on the chart to visually alert them when chop conditions are detected.
Customizable Table Layout : A table displaying the key values (ATR, Stop Loss, Profit Target, Upper/Lower Wickiness) is placed on the chart. You can choose the table's position, adjust its color scheme, and decide which rows to display.
Chop Background Customization : For users who prefer more visual cues, the indicator allows you to enable or disable background shading when chop conditions are met. You can also choose the color of this background for better customization.
Post-Open Long Strategy with ATR-based Stop Loss and Take ProfitThe "Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit" is designed to identify buying opportunities after the German and US markets open. It combines various technical indicators to filter entry signals, focusing on breakout moments following price lateralization periods.
Key Components and Their Interaction:
Bollinger Bands (BB):
Description: Uses BB with a 14-period length and standard deviation multiplier of 1.5, creating narrower bands for lower timeframes.
Role in the Strategy: Identifies low volatility phases (lateralization). The lateralization condition is met when the price is near the simple moving average of the BB, suggesting an imminent increase in volatility.
Exponential Moving Averages (EMA):
10-period EMA: Quickly detects short-term trend direction.
200-period EMA: Filters long-term trends, ensuring entries occur in a bullish market.
Interaction: Positions are entered only if the price is above both EMAs, indicating a consolidated positive trend.
Relative Strength Index (RSI):
Description: 7-period RSI with a threshold above 30.
Role in the Strategy: Confirms the market is not oversold, supporting the validity of the buy signal.
Average Directional Index (ADX):
Description: 7-period ADX with 7-period smoothing and a threshold above 10.
Role in the Strategy: Assesses trend strength. An ADX above 10 indicates sufficient momentum to justify entry.
Average True Range (ATR) for Dynamic Stop Loss and Take Profit:
Description: 14-period ATR with multipliers of 2.0 for Stop Loss and 4.0 for Take Profit.
Role in the Strategy: Adjusts exit levels based on current volatility, enhancing risk management.
Resistance Identification and Breakout:
Description: Analyzes the highs of the last 20 candles to identify resistance levels with at least two touches.
Role in the Strategy: A breakout above this level signals a potential continuation of the bullish trend.
Time Filters and Market Conditions:
Trading Hours: Operates only during the opening of the German market (8:00 - 12:00) and US market (15:30 - 19:00).
Panic Candle: The current candle must close negative, leveraging potential emotional reactions in the market.
Avoiding Entry During Pullbacks:
Description: Checks that the two previous candles are not both bearish.
Role in the Strategy: Avoids entering during a potential pullback, improving trade success probability.
Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit
The "Post-Open Long Strategy with ATR-Based Stop Loss and Take Profit" is designed to identify buying opportunities after the German and US markets open. It combines various technical indicators to filter entry signals, focusing on breakout moments following price lateralization periods.
Key Components and Their Interaction:
Bollinger Bands (BB):
Description: Uses BB with a 14-period length and standard deviation multiplier of 1.5, creating narrower bands for lower timeframes.
Role in the Strategy: Identifies low volatility phases (lateralization). The lateralization condition is met when the price is near the simple moving average of the BB, suggesting an imminent increase in volatility.
Exponential Moving Averages (EMA):
10-period EMA: Quickly detects short-term trend direction.
200-period EMA: Filters long-term trends, ensuring entries occur in a bullish market.
Interaction: Positions are entered only if the price is above both EMAs, indicating a consolidated positive trend.
Relative Strength Index (RSI):
Description: 7-period RSI with a threshold above 30.
Role in the Strategy: Confirms the market is not oversold, supporting the validity of the buy signal.
Average Directional Index (ADX):
Description: 7-period ADX with 7-period smoothing and a threshold above 10.
Role in the Strategy: Assesses trend strength. An ADX above 10 indicates sufficient momentum to justify entry.
Average True Range (ATR) for Dynamic Stop Loss and Take Profit:
Description: 14-period ATR with multipliers of 2.0 for Stop Loss and 4.0 for Take Profit.
Role in the Strategy: Adjusts exit levels based on current volatility, enhancing risk management.
Resistance Identification and Breakout:
Description: Analyzes the highs of the last 20 candles to identify resistance levels with at least two touches.
Role in the Strategy: A breakout above this level signals a potential continuation of the bullish trend.
Time Filters and Market Conditions:
Trading Hours: Operates only during the opening of the German market (8:00 - 12:00) and US market (15:30 - 19:00).
Panic Candle: The current candle must close negative, leveraging potential emotional reactions in the market.
Avoiding Entry During Pullbacks:
Description: Checks that the two previous candles are not both bearish.
Role in the Strategy: Avoids entering during a potential pullback, improving trade success probability.
Entry and Exit Conditions:
Long Entry:
The price breaks above the identified resistance.
The market is in a lateralization phase with low volatility.
The price is above the 10 and 200-period EMAs.
RSI is above 30, and ADX is above 10.
No short-term downtrend is detected.
The last two candles are not both bearish.
The current candle is a "panic candle" (negative close).
Order Execution: The order is executed at the close of the candle that meets all conditions.
Exit from Position:
Dynamic Stop Loss: Set at 2 times the ATR below the entry price.
Dynamic Take Profit: Set at 4 times the ATR above the entry price.
The position is automatically closed upon reaching the Stop Loss or Take Profit.
How to Use the Strategy:
Application on Volatile Instruments:
Ideal for financial instruments that show significant volatility during the target market opening hours, such as indices or major forex pairs.
Recommended Timeframes:
Intraday timeframes, such as 5 or 15 minutes, to capture significant post-open moves.
Parameter Customization:
The default parameters are optimized but can be adjusted based on individual preferences and the instrument analyzed.
Backtesting and Optimization:
Backtesting is recommended to evaluate performance and make adjustments if necessary.
Risk Management:
Ensure position sizing respects risk management rules, avoiding risking more than 1-2% of capital per trade.
Originality and Benefits of the Strategy:
Unique Combination of Indicators: Integrates various technical metrics to filter signals, reducing false positives.
Volatility Adaptability: The use of ATR for Stop Loss and Take Profit allows the strategy to adapt to real-time market conditions.
Focus on Post-Lateralization Breakout: Aims to capitalize on significant moves following consolidation periods, often associated with strong directional trends.
Important Notes:
Commissions and Slippage: Include commissions and slippage in settings for more realistic simulations.
Capital Size: Use a realistic trading capital for the average user.
Number of Trades: Ensure backtesting covers a sufficient number of trades to validate the strategy (ideally more than 100 trades).
Warning: Past results do not guarantee future performance. The strategy should be used as part of a comprehensive trading approach.
With this strategy, traders can identify and exploit specific market opportunities supported by a robust set of technical indicators and filters, potentially enhancing their trading decisions during key times of the day.
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.
Candle Pivot and Stop LossThe script plot upside and down side stop loss using pivot point and trure range.
The True Range, representing market volatility, is determined by finding the maximum value among the differences between the previous high-low, high-close, and low-close. The Downside Stop Loss is calculated by adding the True Range to the Pivot Point, while the Upside Stop Loss is calculated by subtracting the True Range from the Pivot Point.
These levels are plotted on the chart in blue (Pivot Point), red (Downside Stop Loss), and green (Upside Stop Loss), providing traders with essential reference points for their trading strategies.
The provided Pine Script calculates key trading levels for the current candle, including the Pivot Point, Downside Stop Loss, and Upside Stop Loss. The Pivot Point is computed as the average of the previous candle's high, low, and close prices.
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
Parabolic SAR + Take Profit and Stop Loss By Nussara (strategy)Back test strategy for "Parabolic SAR + Take Profit and Stop Loss By Nussara" make it easy setting a strategy to estimate profits and losses.
This strategy uses Parabolic SAR . The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR . It aims to identify potential reversals in the price movement of traded assets.
This indicator has a function to take profit and stop loss level.
Stop loss level = First reverse point of uptrend
Take profit level = Entry price + (Entry price-Stop loss level)
User can set a parabolic SARS and a profit point but I fixed stop loss level at first reversals point of uptrend. I also put alert for Buy, Sell, Stop Loss in this indicator.
This indicator is just a tool for technical analysis . It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together.
ATR SL (Average True Range) Stop LossATR (Average True Range) Stop Loss Version 1.0
A trailing stop loss is a way to exit a trade if the asset price moves against you but also enables you to move the exit point if the price is moving in your favor. Many day traders use the ATR to figure out where to put their trailing stop loss.
At the time of a trade, look at the current ATR reading. A rule of thumb is to multiply the ATR by two to determine a reasonable stop loss point. So if you're buying a stock, you might place a stop loss at a level twice the ATR below the entry price. If you're shorting a stock, you would place a stop loss at a level twice the ATR above the entry price.
If you're long and the price moves favorably, continue to move the stop loss to twice the ATR below the price. In this scenario, the stop loss only ever moves up, not down. Once it is moved up, it stays there until it can be moved up again or the trade is closed as a result of the price dropping to hit the trailing stop loss level. The same process works for short trades, only in that case, the stop loss only moves down.
Buy Signal Only with Multiple Indicators and Stop LossDescription: This custom Pine Script indicator is designed to help traders identify optimal buy signals using a combination of multiple technical indicators. It provides visual markers for entry points, take profit levels, and stop loss, offering a comprehensive tool for decision-making.
Features:
Buy Signal: Generates a buy signal based on a combination of EMA Cloud, SuperTrend, Zero Lag MACD, QQE, Volume Oscillator, and ATR Bands.
Entry Point: Displays a horizontal line at the entry price with a price label, extended to the right for visibility.
Take Profit Levels:
1% Take Profit: A dashed red line with a price label for the first take profit level.
2% Take Profit: A dashed orange line with a price label for the second take profit level.
Stop Loss: A dotted purple line with a price label to indicate the stop loss level set at 3%.
Parameters:
EMA Short Length: Adjust the period for the short EMA.
EMA Long Length: Adjust the period for the long EMA.
ATR Length: Set the length for ATR calculation.
Multiplier: Define the factor for the SuperTrend calculation.
MACD Length and Signal Length: Configure lengths for MACD and its signal line.
RSI Length and Smooth Length: Set parameters for RSI and its smoothing.
Volume Lengths: Customize lengths for the volume oscillator.
ATR Band Length and Multiplier: Set parameters for ATR Bands.
Delay Bars: Specify the number of bars to wait before showing another buy signal.
Take Profit Percentages: Adjust percentages for the 1% and 2% take profit levels.
Stop Loss Percentage: Set the stop loss percentage.
Line Extension Length: Define the number of bars to extend lines.
Right Offset Bars: Configure how many bars to offset labels and lines to the right.
Usage:
Identify Buy Opportunities: The indicator helps identify potential buy signals using multiple indicators.
Manage Trades: Visualize entry points, take profit targets, and stop loss levels to manage trades effectively.
Customization: Tailor the indicator to fit your trading strategy by adjusting the parameters.
Notes:
This is what we call version 1.
Ensure that the indicator's settings align with your trading strategy and market conditions.Use in conjunction with other analysis tools for a comprehensive trading approach.
SMA + Trend Strength + Trailing Stop LossThe 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given conditions at a time, which are represented as a trend meter on the bottom right of the screen. A trailing stop loss indicator is included to secure your profits or limit your loss in case the market reverses on you unexpected. Please use this indicator responsibly with proper risk management, and never rely on the indicator by itself for buy and sell signals.
When the simple moving average color is green, it means that at least 4 of 5 conditions are confirming a move upwards, this is when you can take an entry into a trade based on your entry strategy. As the trend continues, the color will eventually change to yellow signaling a divergence. This is when you can use your exit strategy to find a good point to sell. It is wise not to take new positions when the color is trending yellow.
If the color changes from yellow to orange, that is a warning sign that the trend is about to change or has begun to change. Prices may have already fallen. However, sometimes the color will change from yellow back to green signaling a continuation of the trend. You can either keep holding or take a new position in this instance.
When the color is red, this signals fear in the market, you should stay out of the market at first. However, as the market consolidates and the color starts changing back to orange, this is an opportunity to take a long position at a reasonably low price.
Simple Moving Average (13-Bar) Color Explanation:
The colors change based on 5 market conditions represented in the trend meter.
Green: Strong Uptrend
Yellow: Divergence Present
Orange: Warning
Red: Fear
Trend Meter Explanation:
The trend meter draws 5 arrows indicating bullish or bearish presence.
LL = Lower Lows - Detects when the market is trending with lower lows.
HH = Higher Highs - Detects when the market is trending with higher highs.
MA = SMA Direction - A formula is used to determine the direction of the SMA.
DI = Directional Index - Identifies when upwards momentum is trending.
RSI = Relative Strength Index - Identifies when the RSI is in an uptrend state.
Note: For advanced users, this indicator has a hidden DMI(4, 4, 4) and RSI(14) indicator used to determine the last two conditions. The Directional Index is based on a DI Plus momentum moving average to determine a momentum trend and the RSI trending over 50 will constitute an uptrend signal as below 50 it will point down.
Trailing stop loss:
The trailing stop loss is determined based on the lowest price of the last 8 bars.
A gray step-line is drawn at the suggested stop activation price.
A red step-line is drawn at the suggested stop limit price.
When the price breaches the trailing stop, a red X will appear below the bar.
You can turn each of these features on or off based on your preference. Happy trading!
Mean Reversion Strategy (Double EMA) w Stop LossOne of the strategy inspired by John F. Carter in his book - Mastering the trade. The idea is simple, once the price cross the fast MA (open trade), it will most likely approach the slow MA (close trade). I added an optional filter, which you can turn on to only open position when the distance between the 2 MA is higher or equal than a minimum % that you indicate. Suitable for volatile stocks/markets. Best use when the market is ranging, like any other mean reversion strategy.
Stop Loss feature is also added, with the option to choose from Percentage Stop Loss, Percentage Trailing Stop Loss, ATR Stop Loss or ATR Trailing Stop Loss.
ATR By Time [Chart]What is ATR By Time (Chart)?
This premium indicator is a companion script to my ATR By Time indicator.
This companion script draws your stop loss price to the chart directly. In the above example, the black line represents a regular 1x ATR stop loss above and below price action, while the colored lines are the 1x ATR By Time indicator values when set to use the "Smallest ATR" in the settings menu.
When set to "Smallest ATR", the script calculates the regular ATR and the ATR By Time of Day and compares the distance of the two values. It then selects whichever value is smaller to be used as the stop loss, and adds or subtracts it to the most recent swing high or low (or the closing price if desired).
This allows for tighter stops and larger position sizing during certain times of day for aggressive traders when set to Smallest ATR, or wider stop losses during more volatile periods of the day for conservative traders when set to Largest ATR.
Stop Loss Distance Options:
- Regular ATR
- ATR By Time
- Smallest ATR
- Largest ATR
More Information
Similar to my RVOL By Time indicator, the ATR By Time indicator works on any market that has consistent trading session lengths . So it works best on Forex & Crypto, but also works on some Stock and Futures markets.
Instead of calculating the ATR based on recent price data like the regular ATR indicator, it calculates an ATR value for each candle based on that candle’s time of day .
For example, if you set the Lookback setting on this indicator to 14, then instead of calculating the ATR based on the past 14 candles, it will calculate an ATR value based on the past 14 trading sessions for each candle (as an average).
So in other words, your 10:00AM candle will show the average of the past 14 10:00AM candles rather than the past 14 candles leading up to that 10:00AM candle.
This is extremely useful for day traders in particular as it allows you to gauge the average range of candles during certain times of day instead of only by the most recent price action.
It also draws a regular ATR (optional) – so this is essentially an enhanced ATR script that gives you multiple readings on price volatility.
If you are interested in trying the script or you want more information on how the script works, there is more information available on my website including instructions on how to apply for a free trial: ATR By Time Feature Page .
Good luck with your trading!
SUPERTREND ATR WITH TRAILING STOP LOSS## THIS SCRIPT IS ON GITHUB
## MORE BACKTEST
SuperTrend is a moving stop and reversal line based on the volatility (ATR).
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
The strategy will close operation when the line based on the volatility will crossed
The strategy has the following parameters:
+ **ATR PERIOD** - To select number of bars back to execute calculation
+ **ATR MULTPLIER** - To add a multplier factor on volatility
+ **INITIAL STOP LOSS** - Where can isert the value to first stop.
+ **POSITION TYPE** - Where can to select trade position.
+ **BACKTEST PERIOD** - To select range.
## DISCLAIMER
1. I am not licensed financial advisors or broker dealers. I do not tell you when or what to buy or sell. I developed this software which enables you execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades.
2. Do not trade with money you cannot afford to lose.
3. I do not guarantee consistent profits or that anyone can make money with no effort. And I am not selling the holy grail.
4. Every system can have winning and losing streaks.
5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge.
**YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.**
**I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.**
## NOTE
I accept suggestions to improve the script.
If you encounter any problems i will be happy to share with me.
+ Authors: @exit490
+ Revision: v1.0.0
+ Date: 5-Aug-2019
+ Pinescript version: 4
## LICENSE
Copyright 2019 Mauricio Pimenta / exit490
SuperTrend with Trailing Stop Loss script may be freely distributed under the (../LICENSE).
TRAILING STOP LOSS TO LONG AND SHORT##THIS SCRIPT IS ON GITHUB
This TradingView strategy it is designed to integrate with other strategies with indicators.
It performs a trailing stop loss from entry and exit conditions.
In this strategy you can add conditions for long and short positions.
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
Also is possible to select the period that strategy will execute the backtest.
The strategy has the following parameters:
+ **INITIAL STOP LOSS** - Where can isert the value to first stop.
+ **POSITION TYPE** - Where can to select trade position.
+ **BACKTEST PERIOD** - To select range.
## DISCLAIMER
1. I am not licensed financial advisors or broker dealers. I do not tell you when or what to buy or sell. I developed this software which enables you execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades.
2. Do not trade with money you cannot afford to lose.
3. I do not guarantee consistent profits or that anyone can make money with no effort. And I am not selling the holy grail.
4. Every system can have winning and losing streaks.
5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge.
**YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.**
**I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.**
## NOTE
I accept suggestions to improve the script.
If you encounter any problems I will be happy to share with me.
+ Authors: @exit490
+ Revision: v1.0.0
+ Date: 03-Aug-2019
+ Pinescript version: 4
## LICENSE
Copyright 2019 Mauricio Pimenta / exit490
Trailing Stop Loss script may be freely distributed under the MIT license .
Average True Range (ATR %) Stop Loss CalculatorThis indicator takes the average of a series of ATR to calculate what I would consider an optimum stop loss placement represented in percentage (read below for full overview).
While the data is plotted what is most helpful are the actual numbers presented and for my charts I remove most of the plotting.
This indicator is most helpful on the daily timeframe but can be used for all timeframes such as the 4HR, 1HR or even 15M.
This indicator should not be used alone. It should be used in conjunction with proper price action analysis. It’s also a great indicator if you chart using Value Channels. Ideally you want your stop placement to be below at least one core Value Channel boundary range. In addition to standard support and resistance and some key moving averages the market respects. This also works best when trading with the prevailing BIAS of the instrument (bull or bear).
Cryptos: Generally, that means you’re buying on retracements that fit the end of a structured move. The other option is using this in a clear up trending market where the pull backs are clearly being supported with buying.
FOREX: I built another indicator for FOREX search: ATRPIPS with SL
WTI: Helpful but I have different rules for when I trade WTI. I rely upon VCs and diagnal VCs much more when trading this.
Equities: Helpful but with the increase of volatility as well as uncertainty of Bias of the market-- this should be used as more of a guide than
What is most important is the actual percentage numbers but I've found graphing 1-3 of the actual ATRs is helpful. The rest just uncheck the checkbox in the options.
Indicator Overview:
Value 1 - 3 Period ATR (maroon)
Value 2 - 7 Period ATR (green)
Value 3 - 30 Period ATR (blue)
Value 4 - 90 Period ATR (blue, bold)
Value 5 - 1 Period ATR (green)
Value 6 - 1 Period ATR (red)
Value 6 – Prime Stop Loss Placement (maroon). This is the average of all above ATRs multiplied by 1.5
Value 7 - Move Left (red). Experimental value. This is the difference between (prime stop loss) and 1 day period move. Two ways to use this value. Use as a tighter stop loss placement. The other option is to use as a retrace target for purchase and using the Prime Stop Placement value as you’re stop loss.
All ATRs use the LOW price of the period. After testing both the low and close I’ve settled on the low to capture the most volatility you will typically experience.
Once again, this indicator should be used in conjunction with your proven trade system.
Also, by knowing what the values are within the indicator you could just eye ball what would be the best stop placement depending on the ATR or 1 or 2 ATRs you find most represent the volatility of what you are trading.
I will be expanding on this indicator by bringing in average measured moves as well as volume analysis and most likely with color changes and modifications.
Background:
While using and refining my trade system I've noticed that most moves happen in 3 periods. So we start there. The 7 period is good for a 24 hour market such as crypto (although weekend trading can be a hit or miss) and to some extent FOREX. The longer periods of 30 & 90 are to smooth out the data set. The final value of the 1 period is to bring a little more recency to the calculation.
Why multiply the average by 1.5? I've found in my own trading and system I built to be the best placement (in conjunction with VCs) to ensure you're stop isn't to close and is within the instrument you are trading volatility .
I'm looking at making this more intelligent as well as take into account volume and structured moves.
Average True Range Stop Loss CalculatorThis indicator takes the average of a series of ATR to calculate what I would consider an optimum stop loss placement represented in percentage (read below for full overview).
While the data is plotted what is most helpful are the actual numbers presented.
This indicator is most helpful on the daily timeframe but can be used for all timeframes such as the 4HR or 1HR.
This indicator should not be used alone. It should be used in conjunction with proper price action analysis. It’s also a great indicator if you chart using Value Channels. Ideally you want your stop placement to be below at least one core Value Channel boundary range. In addition to standard support and resistance and some key moving averages the market respects. This also works best when trading with the prevailing BIAS of the instrument (bull or bear).
Cryptos: Generally, that means you’re buying on retracements that fit the end of a structured move. The other option is using this in a clear up trending market where the pull backs are clearly being supported with buying.
FOREX: I use this in my FOREX swing trades for my stop placements. Keep in mind I primarily trade my trade system and use this indicator to ensure my stop placements I define based on VCs are within the ATR tolerance. I’ve found that ATR * 1.5 is the best for my trade system.
WTI: Helpful but I have different rules for when I trade WTI. I rely upon VCs and diagnal VCs much more when trading this.
Equities: Helpful but with the increase of volatility as well as uncertainty of Bias of the market-- this should be used as more of a guide than
Indicator Overview:
Value 1 (maroon): 3 Period ATR
Value 2 (green): 7 Period ATR
Value 3 (blue): 30 Period ATR
Value 4 (blue, bold): 90 Period ATR
Value 5 (green): 1 Period ATR
Value 6 – Prime Stop Loss Placement (red): Average of all above ATR multiplied by 1.5
Value 7 (red): Difference between Value 6 (prime stop loss) and current period move. This is an experimental value. Two ways to use this value. Use as a tighter stop loss placement. The other option is to use as a retrace target for purchase and using the Prime Stop Placement value as you’re stop loss.
All ATRs use the LOW price of the period. After testing both the low and close I’ve settled on the low to capture the most volatility you will typically experience.
Once again, this indicator should be used in conjunction with your proven trade system.
Also, by knowing what the values are within the indicator you could just eye ball what would be the best stop placement depending on the ATR or 1 or 2 ATRs you find most represent the volatility of what you are trading.
I will be expanding on this indicator by bringing in average measured moves as well as volume analysis and most likely with color changes and modifications.
Background:
While using and refining my trade system I've noticed that most moves happen in 3 periods. So we start there. The 7 period is good for a 24 hour market such as crypto (although weekend trading can be a hit or miss) and to some extent FOREX. The longer periods of 30 & 90 are to smooth out the data set. The final value of the 1 period is to bring a little more recency to the calculation.
Why multiply the average by 1.5? I've found in my own trading and system I built to be the best placement (in conjunction with VCs) to ensure you're stop isn't to close and is within the instrument you are trading volatility.
I'm looking at making this more intelligent as well as take into account volume and structured moves.
