OPEN-SOURCE SCRIPT
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Trailing Take Profit

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This script demonstrates how to do trailing take profit. With this approach instead of setting a limit order, when you hit the target you just follow the price upwards (for long positions) and you sell when the price drops by a small percentage. This approach will increase the profits (slightly) in every strategy! Be aware that the simulated data may produce unrealistic results.
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  • Add min and max input val
  • Simplify the strategy order commands
  • Simplify long Take profit price plot command
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  • Use close source to define the profit price
  • Set offset to the plot of TP price
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  • Check if time is within backtest period to prevent unecesary calculation and print inside the area of interest
  • Replace deprecated transp argument with color.new
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  • Use strategy.percent_of_equity
  • Draw lines with width 1
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  • Update pinescript to V5
  • Take profit step to 0.05 deviation to 0.01
  • Transparency deprecation fix
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  • Let's face it a Green-Red color model is more intuitive!
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  • Happy New Year!
  • Many code refactorings and optimizations to better use this script as a template and plug your own strategy at ease
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  • (minor) refactoring
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  • Use time_filters library
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  • Minor revision update
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  • Replace deprecated "when=" with if statements in strategy calls
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  • Change fastMA default color to yellow
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  • Increase max labels to 150
  • Increase max lines to 150
  • Minor refactoring
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  • Update time_filters library
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  • Some minor label/color changes
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  • small refactoring
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  • Update time_filters library version
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  • Update time_filters library version
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  • Use the 'chrono_utils' library for the date-time window filter
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  • Add different alert messages per event
  • Update 'chrono_utils' library
릴리즈 노트
Update to pinescript version 6

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