LeMogwai

Parabolic Stop

Parbolic Stop is a mix between the indicator Parabolic SAR , Volatility Stop and an SMA .

The goal of this indicator is to place your stop loss in an optimized spot. You can also combine the indicator switch from different timeframes to get buy or sell signal.
Remove from Favorite Scripts Add to Favorite Scripts
study(title="Parabolic Stop", shorttitle="StopAR", overlay=true)
start = input(0.02)
increment = input(0.05)
maximum = input(0.2)
sar = sar(start, increment, maximum)
length = input(20)
smaclose= sma(close, 3*length)
smahigh = sma(high, 3*length)
smalow = sma(low, 3*length)
mult = input(4)
atr_ = atr(length)
max1 = max(nz(max_[1]), close)
min1 = min(nz(min_[1]), close)
is_uptrend_prev = nz(is_uptrend[1], true)
stop = is_uptrend_prev ? max1 - mult * atr_ : min1 + mult * atr_
vstop_prev = nz(vstop[1])
vstop_prev2 = nz(vstop[2])
vstop1 = is_uptrend_prev ? min(max(vstop_prev, stop), sar): max(min(vstop_prev, stop), sar)
is_uptrend = close - vstop1 >= 0
is_trend_changed = is_uptrend != is_uptrend_prev
max_ = is_trend_changed ? close : max1
min_ = is_trend_changed ? close : min1
vstop = is_trend_changed ? is_uptrend ? max(max_ - mult * atr_, sar) : min(min_ + mult * atr_, sar) : vstop1
p1 = plot(vstop, color = is_uptrend ? aqua : fuchsia, style = line, linewidth=2)
sma = is_uptrend?smaclose : smaclose
p2 = plot(sma, color = white, linewidth=2)
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out