This study include 3 types of stop-loss (ATR, High/Low and Pivot point)
This script aimed to help new traders to respect risk management.
Simply select which stop-loss you would like to use in the settings and the suggested stop-loss will be displayed on the chart for Long and Short positions.
Please let me know in the comment if you would like me to add more indicators for the stop-loss in this script.
Hope you like it!
Release Notes
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Removed Offset on the ATR stop resulting in a wrong plot.
Great script! While trying to determine the difference between a 10/2 ATR set-up on this indicator and a 10/2 on another (they have different levels shown) I am wondering if it has something to do with a smoothing setting. Can you tell me if this indicator uses a smoothing setting and if so, what it is? Thanks!
TK42DAN
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@TK42DAN, Well, not smoothing I'm guessing. Maybe you can help me with this? Here is a graphic for more clarity. Your indicator is in blue. Both are set at 10/2 but they seem to be one candle off of each other. Any ideas what I'm missing? Thanks! d.pr/i/06hMjk
TrendSurfersSignals
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@TK42DAN, Its an offset, just to use as a visual so the stoploss line is on the current candle instead of the previous.
TrendSurfersSignals
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@TK42DAN, after double checking, the offset should be remove it looks like.. thanks for pointing this out.. I will correct it soon