This pushed me to keep stop-loss under the influence of a dependent variable.
This script helped me a lot (everget) :
I've redesigned the stop-loss to be affected by intersections.
Therefore, this script is also suitable for adaptive moving averages, fractional periods.
1.You can select calculation methods created by using various methods from the scripts' settings:
-Moving Average Convergence Divergence ( )
-Stochastic Oscillator ( )
-Stochastic Index (StochMFI ) (More info : https://www.tradingview.com/script/Dcbz7...)
-Know Sure Thing ( KST )
-OBV ( )
-SMA ( )
-EMA ( )
-FISHERTRANSFORM ( )
-PSAR ( - )
-VWMA ( )
-RMA (Moving Average using in calculations.)
-COG (Center of Gravity )
-ACC-DIST ( Index )
2 - The region is determined according to the above calculation methods and if it is larger or smaller than the previous stop loss level.
And if the price in the negative zone is lower than the stoploss, it is the exact signal and is shown with more highlighted colors.
And, in the positive zone, where the price is greater than the stoploss, the trade zones are certain.
Shown with more highlighted colors.
If the zones are correct but stop-loss is not suitable for opening positions:
In other words, if the stop-loss is above/under the highest-lowest levels in the positive zone or if the stop loss is located in the lower zone in the negative zone, these zones are shown to be darker and dimmed so that they do not cause false movements.
*** SUMMARY : As a result, you can use this script with support and resistances,and to get good results.
I hope it helps in your analyzes. Best regards.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
does not repaint because there is no data extraction.
Thanks for your interest , regards !