Abstract This script finds the potential stop out or margin call price levels without considering timeframe. This script computes stop out or margin call price levels that over leveraged positions buy cheap enough. You can use this indicator to follow stop hunters. Introduction Stop hunting exists because of benefit conflict. When most of retails traders are in...
A simple script to calculate lot size for USD balance account. Input the number of SL pips into the Indicator setting to get the result.
Tradespot Volatility A simple, effective representation of volatility within a given asset. Works out of the box, no configuration required Allows a trader, especially on leverage, to identify areas of high/low volatility that might influence their exit and entry strategy Outlier spikes or dips in volatility Visual representation of a market that is...
Here is a Risk Management Indicator that calculates stop loss and position sizing based on the volatility of the stock. Most traders use a basic 1 or 2% Risk Rule, where they will not risk more than 1 or 2% of their capital on any one trade. I went further and applied four levels of risk: 0.25%, 0.50%, 1% and 2%. How you apply these different levels of risk is...
Trading is a lot about risk management too. I created this script to help with setting and moving a proper stop-loss. It plots an area that is a result of adding and subtracting both average true range and something I call "false range". ►The Average True Range is calculated as the candle's high-low. If there is a gap, it is added to complete the result. ►My own...
We often want to use a stop loss at a certain low - N*ATR, But it is too troublesome to manually calculate a certain day low - ATR. This indicator simply calculates it for you, by marking the value of day low - ATR. By default the hardcoded ATR value is 0, which means "Uses the ATR at that day with configured look back period". If you want to use a specific ATR...
It has happened to everybody. You enter the market, the position gets a stop loss, then later the market goes in the direction you originally planned. Worse yet - you enter a position, the market goes in your favor, gets near the target, and then it reverses and you get stopped. We brazilians call this a "violinado", or getting violinated. It happens either...
Another experiment with Supertrend by making use of pivot point high/lows. Trailing Stop types used in this indicator are: ATR - plain ATR based supertrend Breakout - ATR based supertrend combined with breakout. (Trailing triggered only if price change is higher than HighPriceChange multiplier times ATR. Pivot Points - Trail only when new pivots...
from the concept of double ma, for purpose of decreasing false signal from original chandelier exit, i'm using shorten period and lower multiplier of ATR input for "chandelier exit" line to work like fast ma, and create ma of closing price. **Not Backtest yet**
A Trailing Stop indicator that uses a multiple of ATR below a SMA/EMA line. Support long positions only. Configurables: 1. Use SMA or EMA 2. MA Period 3. ATR multiplier 4. ATR look back period The bottom of the red area indicates the stop line. The top of the red area indicates the reference MA line. Ideal use case is you find your a red area that covers most...
As introduced by StockCharts.com, Chandelier Exit was developed by Charles Le Beau and featured in Alexander Elder's books, this sets a trailing stop-loss based on the Average True Range (ATR). Chandelier Exit can be formulated as a stop-and-reverse (SAR) or as a traditional trailing stop-loss version shown by Stockcharts.com. The main difference is that, in...
I use supertrend for for trailing stops. One of the problem of trailing stops in long term trend trading is we get stopped too early and then trend continues. To avoid this problem, we can limit or delay our trailing. In this modified version of supertrend, we can delay trailing by two methods: Bars : Trail after certain bars. Input DelayBars says after...
The following features available in this strategy are listed below. To access, please visit the website in the signature area of this posting. INTRODUCTION Robust, fast, trading system Multiple time frame (MTF) aspects built in everywhere into the strategy Combines swing, scalp, greedy, volatile trading mechanisms Works on intraday day time frames as...
Chandelier Exit (CE) is a volatility-based indicator developed by "Chuck Le Beau", ATR is used to measure the Volatility. It identifies stop loss exit points for long and short trading positions. Configuring the ATR period = 1 and Multiplier = (say) 1.25 or 1.5, it can be used for readily available buffer Stop Loss value from previous high/low.
Script to display Supertrend trend state of 8 different securities in a panel. Timeframe & Tickers which are to be displayed can be configured from settings. Part of code is from the ADX DI Monitoring Panel script by u/wugamlo with his permission. Thanks to him for that and do please check out his work also.
This can be used to compliment the Directional Movement Index if used as a standalone trading system. In addition to using the ADX and DI lines, a trailing stop can be used when the DI lines cross. If the plus line is above to show a buy signal, then the low of the price of when which the cross took place is used as a trailing stop. If the minus line is above to...
This merges Volatility Stop & its MTF version both published by u/TradingView . Background is colored green or red when both the current timeframe Vstop and higher timeframe Vstop point in same direction. Aim is to take the standard Vstop script which differentiates market from only uptrend/downtrend to uptrend/downtrend/sideways. There is a tradeoff with this,...
This script shows the change in percentage of each bar. A glance at the sub-chart will easily show which bars were big movers. This indicator was mentioned on the August 9 2020 webinar for Dynamic Traders.