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# Trailing Stops Loss

950 2
Simple indicator to track trailing stops for long positions in intraday trading.
When applied initially shows trailing stop based on previous day close.
When going long go to "Format" and enter
- Buy Price (default - current bar close)
- Stop Range (default - \$0.2)

Graph will change to reflect stop loss by Stop Range below Buy Price.
Going forward Stop Loss line will rise with price going up or stay at highest achieved level when price goes down.
Sell when price is close to current level of Stop Loss.

Initial Stop Loss set 43.70 - 0.2 = 43.50
Since bar close was 43.75 stop loss moved to 43.75

Does not work on first bar of the day
Starts on second bar of the day.
Previous days lines should be ignored.
```////////////////////////////////////////////////////////////
//@version=2
////////////////////////////////////////////////////////////
study(title="Trailing Stops Loss", overlay = true)
StopLossRange = input(0.2)

highTimeFrame = "1"
sessSpec = input("0931-1600", type=session)
BuyPrice = input (close, type = float)

is_newbar(res, sess) =>
t = time(res, sess)
change(t) > 0 ? 1 : 0

TrailingStop = (BuyPrice >= close)? BuyPrice - StopLossRange : close >= open[1]? close - StopLossRange: TrailingStop[1]

new_TrailingStop = if is_newbar(highTimeFrame, sessSpec)
if TrailingStop < new_TrailingStop[1]
new_TrailingStop[1]
else
TrailingStop
else
TrailingStop

plot_color = is_newbar(highTimeFrame, sessSpec)? color(red, 0): color(blue, 100)
plot(new_TrailingStop, linewidth=2, color = plot_color )
//plot(TrailingStop, color=blue)

```
Nice! can you make it worth with percentages?
Just what I need. How can I convert it to work on a weekly chart?
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