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Shares Risk (Long)Ever struggle to know how many shares you should be placing your order with? Risk is different for every person and every stock. This can help. In the example above, I've added this indicator the the chart. I then specified: Risk Amount ($) = $500. (The max amount I'm willing to risk.) Risk Source = (another indicator) Lower Limit 3 . (See Lower Limits for more details) Source Risk (%) = 0.0 (The default is 5.0 expecting the Risk Source to be the close.**) Based upon how much I'm willing to risk, and the price difference between the close and Risk Source , this indicator will show the number of shares to purchase such that if the price drops to the stop level specified, my value loss should be limited to the Risk Amount . 333 shares is the value calculated for this example (latest bar). You can easily see how many shares you need to purchase for the lastest bar as well as track the previous values on the chart and the indicator cursor data. --- ** WARNING: There's no magic here. It's just math. So if you specify another indicator as the source, the values could get a bit strange and if the price is very close to the stop level, the number of shares could be unreasonably high. To help avoid this you can increase the minimum percent.
Pine Script® indicator
by Electrified
Tiger's Stop - Objective Stoploss SettingTrading 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 False Range just candle bodies. It is calculated as an absolute value of (close-open). Then, Rolling Moving Average is applied on both ATR and False Range to get an idea of how far the price tends to extend out of pure randomness. The resulting value is multiplied by a Multiplier. The next step is an addition of the values to the higher part of the candle for short or a lower part of the candle for long. I prefer a special calculation instead of using Highs and Lows because it allows for more precise observation and stop-loss set up for less wicky symbols. ►►►Additional Functions • Smoothing - applies moving average to candles from which range distance is calculated. This can achieve good smoothness but higher values will lead to using outdated price in the SL area calculation. • Enable/Disable - if you know the direction you are going to trade in, it is good to disable either Long Stop-Loss Area or Short Stop-Loss Area. Just untick it in the settings. ►►►Actual Using Before using the script to set your stop-loss, check the historical data and find a similar set-up. Is it engulfing you use as a trigger? Find a different one and see how effective the stop-loss based on the ATR*multiplier was. This will help you to optimize Multiplier value. A picture shows such research for a double top. You should find more similar situations to find an optimal value. Ultimately, the indicator still gives you relatively a lot of freedom with your stop-loss settings (at least, that is with the default settings). You need to decide how loose stop-loss you want to set. Average True Range is the furthermost part which will make for a very large stop-loss, on the other hand, False Range might be triggered by a villainous wick unnecessarily. The choice should depend on the specific symbol you trade and perhaps, you will learn to set stops regardless of the indicator. A little trick : 1. You can set the loosest stop-loss and set a TradingView alert for where the tightest stop-loss would be. When alerted, you will get the opportunity to reconsider the trade and take a loss if needs be or exit if a candle closes there. 2. Mostly for cryptocurrencies, you can set the tightest stop-loss to protect yourself from sudden spikes. If the price approaches it slowly enough, you can move the stop-loss to the further part of the channel. This is not the same as moving stop-loss indefinitely with hopes of reversal if you plan it from the beginning and a smaller stop is meant to protect you from spikes that are not always predictable and drive to both directions. ►►►Advantages of trailing stop-loss I usually stick with my original stop-loss instead of moving to break even. If my entry area was functional support once, it may work again and is, therefore, still a good entry zone. But an alternative used to preserve as much of the profit as possible is trailing. Trailing is setting a specific value in ticks or a calculation of how to move the stop-loss whenever the price moves in your favor. Tiger's Stop can be used this way. Whenever there is a new value as the candle closes and that value is closer to price than your current stop-loss, you can update it. However, if it moves further from your price, don't change the stop-loss. This can be a little tiresome if you do it manually but should be worth the effort. I usually start trailing only after the price moves significantly in my favor that allowing it to return to the entry price would not make any sense. ►►►Feedback and optimization The preview chart is chosen entirely at random and the values are not optimized for any specific symbol. If you opt to use it, let me know which values work for you the best, I'll add it to the description when I update it. Furthermore, let me know if you think any sort of alerts would be useful with my script. Good luck!
Pine Script® indicator
by OrcChieftain
4
Anti-Volume Stop Loss multi timeframe [LM]Hello Traders, I would like to introduce you fork of popular indicator Anti-Volume Stop Loss created by Buff Dormeier and cracked here on tradingview by @Rafka so shout out to him. I have tried to crack it myself as well as I'm big fan of Dormeier's work but it's not easy so really big thanks to Rafka I have refactored original script and have included multi timeframe setting. As its shown below you can select higher timeframe to track lower one: Enjoy!
Pine Script® indicator
by lmatl
3
MA, MATR, ChEx | All in One - 4CR CUPIn trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful. This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management indicators: MA - Moving Average MATR - Moving Average less Average True Range ChEx - Chandelier Exit This script further enhances the setting so that you can easily customize the indicators. For both the Moving Averages and the Moving Average less Average True Range , you can pick a type of moving average which suits your analysis style from a list of commonly used moving average formulations: namely, EMA , HMA , RMA, SMA and WMA , where EMA is selected as default. The Moving Average less Average True Range , MATR, is usually applied as a reference to set the initial stop loss whenever opening a new position. The abbreviation, MATR, is picked, so that this can serve as a handy reminder of a very good trading framework as elaborates as below: M – Market Structure A – Area of Value T – Trigger R – Risk Management (aka. Exit Strategy)
Pine Script® indicator
by earnSmartAlgorithm
4
Indicator - ATR Profit Loss - DGHi Traders, This is an on chart indicator that can be used for setting take profit and stop losses very easily using the Average True Range Indicator (ATR). Using a volatility adjusted TP and SL will allow you to set your targets and losses based on market conditions. In the settings, you are able to adjust how much of a multiplier you require depending on your risk tolerance and strategy. For those that follow the NNFX method, the defult settings are preset to 1xATR TP and 1.5xATR SL. How to use: - For longs, 'isLong' box must be ticked, for shorts, this box is unticked - For longs, green line is TP, red line is SL - For shorts, red line is TP, green line is SL Regards, Dillon Grech
Pine Script® indicator
by Dillon_Trades
8
SMA + Trend Strength + Trailing Stop LossThe 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given conditions at a time, which are represented as a trend meter on the bottom right of the screen. A trailing stop loss indicator is included to secure your profits or limit your loss in case the market reverses on you unexpected. Please use this indicator responsibly with proper risk management, and never rely on the indicator by itself for buy and sell signals. When the simple moving average color is green, it means that at least 4 of 5 conditions are confirming a move upwards, this is when you can take an entry into a trade based on your entry strategy. As the trend continues, the color will eventually change to yellow signaling a divergence. This is when you can use your exit strategy to find a good point to sell. It is wise not to take new positions when the color is trending yellow. If the color changes from yellow to orange, that is a warning sign that the trend is about to change or has begun to change. Prices may have already fallen. However, sometimes the color will change from yellow back to green signaling a continuation of the trend. You can either keep holding or take a new position in this instance. When the color is red, this signals fear in the market, you should stay out of the market at first. However, as the market consolidates and the color starts changing back to orange, this is an opportunity to take a long position at a reasonably low price. Simple Moving Average (13-Bar) Color Explanation: The colors change based on 5 market conditions represented in the trend meter. Green: Strong Uptrend Yellow: Divergence Present Orange: Warning Red: Fear Trend Meter Explanation: The trend meter draws 5 arrows indicating bullish or bearish presence. LL = Lower Lows - Detects when the market is trending with lower lows. HH = Higher Highs - Detects when the market is trending with higher highs. MA = SMA Direction - A formula is used to determine the direction of the SMA. DI = Directional Index - Identifies when upwards momentum is trending. RSI = Relative Strength Index - Identifies when the RSI is in an uptrend state. Note: For advanced users, this indicator has a hidden DMI(4, 4, 4) and RSI(14) indicator used to determine the last two conditions. The Directional Index is based on a DI Plus momentum moving average to determine a momentum trend and the RSI trending over 50 will constitute an uptrend signal as below 50 it will point down. Trailing stop loss: The trailing stop loss is determined based on the lowest price of the last 8 bars. A gray step-line is drawn at the suggested stop activation price. A red step-line is drawn at the suggested stop limit price. When the price breaches the trailing stop, a red X will appear below the bar. You can turn each of these features on or off based on your preference. Happy trading!
Pine Script® indicator
by NoobPro1
14
Percent Drop from Highest HighBuy and hold investors may decide to use trailing stops to protect profits and capital from market crashes, especially during bull markets. The purpose of this indicator is to hep investors to identify a location to place them. The indicator plots the highest high from 'x' bars ago. It then plots a trailing stop loss 'y' percent below that line. The indicator enables its users to input different 'x' and 'y' values to observe what they think works best for them in different markets. Users might choose to pair the indicator with trend confirming indicators, such as moving average cross overs, to determine that the market is trending and not ranging. There is no magic in this indicator, only maths. Like every indicator, it has no ability to predict anything. Just because the market is doing one thing now, it might do something different later. The past does not equal the present nor the future. Make your own decisions and be responsible for them. All the best to you and your family.
Pine Script® indicator
by BigJasTrades
5
Chandelier Exit | SAR/Long Only (4CUP)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 SAR version, the indicator is usually formulated in a higher of previous or spot indicator (HPS) for long and lower of previous and spot indicator (LPS) for short position. This indicator is coded to show both the SAR version and the traditional one shown by Stockcharts.com (for long position) by simply clicking a tick in the Version box. The ATR multiplier is relaxed to allow non-integer input, like 3.5, 4.25, ... for a greater flexibility to tailor your best-fit exit strategy. If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share. Your support is a highly motivation for me.
Pine Script® indicator
by earnSmartAlgorithm
TimeframeBoxes(DailyBox) With E3Levels - SaeedKhakestar Method*** This is a Repaint Indicator that uses HIGH & LOW of Previous Range in the Custom Period(12H,1D,2D,3D & Weekly) for Trading In the Present with E3 Levels TimeframeBoxes(DailyBox) With E3Levels - SaeedKhakestar Method Version 1.00 Created by TWA_TradeWithAmir(TWA_PriceActionTips) Updated 10/29/2020 Based On SaeedKhakestar Method(Trigger Price Action) *With Entry Range *With E3 Levels *12H,1D,2D,3D & Weekly Boxes *Entry Range & E3 Levels Belongs to Previous Box *TRex Method
Pine Script® indicator
by TWA_TradeWithAmir
8
Stop-Loss order according to Average PenetrationAs a engineer, the view of signal and noise in the book of "Trading for a living"really interests me. For a trader the biggest issue is when should we enter and exit the market. The view of safety range stop loss may help to solve this problem for some beginner and give you a new idea of stoploss for you trade system Here is the content from Trading for a Living you may use the slope of a 22-day EMA to define the trend. You need to choose the length of the lookback period for measuring noise level. it has to be long enough to track recent behavior but short enough to be relevant for current trading. A period of 10 to 20 days works well, or we can make our lookback period 100 days or so if we want to average long-term market if the trend is up, mark all downside penetrations during the look-back period, add their depths, and divide the sum by the number of penetrations。 This gives you the Average Downside Penetration for the selected look back if today's low is lower than yesterday's, do not move your stop lower since we are only allowed to raise stops on long positions, not lower them Reverse these rules in downtrends. When a 22-day EMA identifies a downtrend, count all the upside penetrations during the look-back period and find the Average Upside Penetration. Multiply it by a coefficient, starting with two. When you go short, place a stop twice he Average Upside Penetration above the previous day's high. Lower your stop whenever the market makes a lower high, but never raise it. The important thing when you make an order is to hold your earning during a trending scenario. To avoid stopping loss by the variance in the market and to avoid big loss if the market shift to another direction in a short time. From the graph there, I select the most recent trend up period in the Bitcoin and adjust the parameters according to this trend. As you can see, the stop loss is away from the lowest price in bar, so that you will not be forced to exit the trade by small turbulence. You can hold your order and need to worry about missing the trend. But there are always sharp plunges in the uptrend. you can see two cursors on the graphic. The stop loss will help you avoid this plunge. But in my opinion, this will be the hard stop loss in your trade. Help you to keep profit and avoid big loss. To maximize the profit, you had better to build you own strategy. When I try to create this indicator, it is found that two rule for this indicator 1. you had better to use it in a clear trend range. Since the stop loss can only be higher in a long condition and lower in a short condition. If you use it in a volatile market., then stop loss doesn’t make any senses. 2. you need to adjust those parameters according to the market and the trend you are in. Some people like to avoid big loss, you can set them this depending on you experience Last, this is getting from the view in the book, i didn’t do any back test for it. So please be careful to use it and let me know if you have any suggestions or ideas.
Pine Script® indicator
by DDDiving1993
Trailing Stop LossTrailing stop loss indicator to determine when to exit a position. Multiple trailing stop loss calculation techniques are implemented: ATR: Determines stop loss using a gap from recent highest value, that gap is defined by the ATR value and a multiplier MA: Just a simple moving average used as a stop-loss Percentage: Uses a percentage of the price The script also implements alerting to be notified when the stop loss price is reached.
Pine Script® indicator
by mdeous
7
Moving Stop Loss (Most) by ceyhunATR is an indicator that has been removed and replaced with a moving average.Bar colors and infopanel have been added. //Barcolor Green = ExMov > Most and close > Most and low > Most Blue = ExMov > Most and close > Most and low < Most Red = Most > ExMov and close < Most and high < Most Yellow = Most > ExMov and close < Most and high > Most //It gives White color where there is deterioration. //InfoPanel Buy Price = Blue draws the circles at the purchase price. Profit Long>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish. Sell Price = Red draws the circles at the purchase price. Profit Short>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish. ==Atr Original Code== CDC ATR Trailing Stop V2.1 (2013) ==Most Code== MOST by Anıl ÖZEKŞİ Barcolor Barcolor
Pine Script® indicator
by ceyhun
19
2% StopThis indicator is simply based on the 2% rule, you must insert the entry point (the price at what you bought) by clicking the gear on the top left. If you see the chart different is becouse the default entry is set to 1 and but it fixes if you set the proper entry price. a little bit about the 2% rule : Following the 2% Rule will keep any loss in your account to a rela- tively small, livable size. The 2% Rule prohibits you from risking more than 2% of your account equity on any single trade. This Rule does not limit your position size—it only limits your risk. Of course, if you are planning to hold your position down to zero, then its maximum size would have to be capped at 2%. On the other hand, if you do a much more sensible thing and use a stop, your risk per share will decrease, and your permitted size will increase. The distance from your entry price to the stop level defines your maximum dollar risk per coin. The 2% Rule defines your maximum risk for the entire position. Knowing the risk per share and the total permitted risk makes it easy to calculate the maximum number of coins /shares you may trade. Credit about this idea goes to Dr Elder Alexander.
Pine Script® indicator
by Biticon
High/Low stopFirst of all let me quote some important points : • You need stops; a trade without a stop is a gamble. • You need to know where you’ll put your stop before you enter a trade. • Everybody needs hard stops. • Whenever you change a stop, you may move it only in the direc- tion of the trade. There is a variety of techniques available to traders who like to use trailing stops: • You can use a multibar low as a trailing stop; for example, you can keep moving your stop to the lowest low of the last three bars (but never against your trade). • You can trail prices with a very short moving average and use its level for a trailing stop. • You can use a Chandelier stop—every time the market makes a new high, move the stop within a certain distance from the top— either a specific price range or a number based on an ATR (aver- age true range). Any time your stock makes a new high, you place your stop within that distance from the top, like hanging a chan- delier (this method is described in Come into My Trading Room). • You can use a Parabolic stop . • You can use a SafeZone stop . • You can use a Volatility-Drop stop (described below, for the first time in trading literature). • You can use a Time Stop to get out of your trade if it does not move within a certain time. For example, if you enter a day-trade and the stock does not move within 10 or 15 minutes, it is clearly not doing what you expected and it is best to scratch that trade. If you put on a swing trade which you expect to last several days, but then a week goes by and the stock is still flat, it is clearly not confirming your analysis and the safest action would be to get out. This is a summary taken from Dr Elder book and this indicator i coded from one of his book where he briefly mention this trailing stop technique but don't dive a lot into it, but still i found to be very effective. You can use even the short stop (the green dots) as an entry point.
Pine Script® indicator
by Biticon
4