ATR Trailing Stop Bands [R] This is based on the Average True Range Trailing Stops Strategy by Sylvain Vervoort, coded on TV HPotter. I have added Bands to see potential short and long stop loss zones before the indicator signals to switch itself, also changed color on the main Trailing Stop based on whether it is short or long, added increased stop loss hunt protection by combining with my Wickiness indicator to add Wick Protection, based on either Average or Maximum Wicks, to prevent your stop getting wicked out. Experiment with different timeframes according to your trading style and how long you like to hold a trade. This indicator does not intend to tell you when to take profit, just how to place your stop to give you the best chance of not getting stopped out too early and to minimise risk by trailing it safely.
May you all never be stop hunted again.
Stoploss
WickinessThis script measures the maximum and average length of upper and lower wicks. While this can be used as a volatility gauge and to see if there is more support or resistance, it's primary use is to not get wicked out on stops, by adding one of these numbers to the the Moving Average or S/R level that one is using for a Stop, plus maybe a few points of buffer.
Donchian Channel with Range AdditionA Donchian Channel with additional zones at places where its range is smaller than a set amount of atr. Thus it kind of combines with Keltner Channel qualities. Purpose is to set a stop loss wide enough to avoid shaking out of a position. The example chart shows a Philips day chart, where I opened position on 16 juli at 37,50 and set the stop loss at low border level 35,60, on 23 juli was an earnings rapport, the wick of the candle shows that quotes went very low, obviously smart traders had to fill a huge order and hunted for stops, triggering my stop closing the position. next days quotes went a lot better, so I missed the fun. The Donchian Channel was too narrow because quotes had ranged in the previous weeks. If I had placed my stop on the additional low, setting it 5 atr below the high border, my stop would have been safe.
Stop Loss with ExitsStandard Percentage-based Stop Loss for long and short, with configurable extra exit conditions.
Just copy/paste into your script.
Uses "low" and "high" values for crossing the stop loss threshold, but can be changed to "close" if you prefer (change "low" and "high" on lines 31 and 32 to "close")
Double EMA with stop loss indicatorThis is an updated version of my previous stop loss script.
I've added a double EMA line and modified the stop as below;
In an uptrend....
1. a yellow dot will appear once it's time to move your stop. The yellow dot will display at the level of the stop loss. Place your stop 1 pip below the dot.
2. The yellow dot will only appear if a new higher low has formed and has been confirmed. Also the current candle must have broken the high of a previous bullish candle or the dot will not appear.
3. The dot will also appear if there is a likely reversal of the current trend.
Also works in downtrends.....
ATR Stop LossAdds an indicator that can be used to set stop losses.
This is the close price minus the ATR + 10%.
The 10% is there to let the market perform and avoid whipsaws.
SL/TP assistantThis is a simple script to quickly see changes in % in each candle.
In blue open/close variation. In red Histogram with range between high and low.
This helps me understand very quickly what's the typical change in % for a specific timeframe/pair, so I can fine tune my Stop Losses and Take Profits.
Highest/Lowest Channel Multi-Time FramePlots the Highest and Lowest source price for N bars back. Similar to Donchian Channels except any price source can be used (best results: close ). Can be set to any interval independent of the chart interval. Repainting will occur if the chart interval is less than the indicator interval.
Parabolic GlitterThis indicator overlays a series of Parabolic Stop And Reverses (SARs) to continuously illustrate trends as they form in addition to a range of good possible levels at which to place stop orders.
The Initial Start argument gives the minimum value for the SAR function's "Start" argument. The Increment/Start Ratio argument gives the ratio of the SAR function's "Increment" and "Start" arguments (i.e. SAR default is Start = 0.02, Increment = 0.02, therefore Increment/Start Ratio = 1). The same logic applies to the Max/Start Ratio Argument (i.e. SAR default is Start = 0.02, Max = 0.2, therefore Max/Start Ratio = 10).
The Adaptive Coloring argument determines whether the plotting points are red in downtrends and green in uptrends, or if all the plotted points are given the same color (defaults to silver).
SuperTrend BFI am republishing this indicator as something changed within TradingView's script engine so that the old script ceased to function ( a minor syntax error that used to be acceptable but no longer is).
Anyhow here's the fixed version which as you can see has done a great job of keeping us on the right side of the trend with once-hot stocks like Skyworks !
