ATR+ (Stop Loss Indicator)
35891 뷰
This script is designed to aid in back-testing and trade execution.
It displays three sets of values - the teal colored value is the current ATR, the green colored value is your stop loss distance (in pips) below the most recent swing low for long trades, and the red colored value is your stop loss distance (in pips) above the most recent swing high for short trades.
You can change the stop loss settings to base your stop loss on a set pip amount or by however many multiples of the current ATR as you wish (eg. 1.5x ATR).
Feel free to ask any questions or edit the script without permission :)
- Matt.
It displays three sets of values - the teal colored value is the current ATR, the green colored value is your stop loss distance (in pips) below the most recent swing low for long trades, and the red colored value is your stop loss distance (in pips) above the most recent swing high for short trades.
You can change the stop loss settings to base your stop loss on a set pip amount or by however many multiples of the current ATR as you wish (eg. 1.5x ATR).
Feel free to ask any questions or edit the script without permission :)
- Matt.
릴리즈 노트:
Minor improvements
릴리즈 노트:
Converted ATR and S/L into whole numbers.
Added optional T1 (Profit Target).
Added optional T1 (Profit Target).
릴리즈 노트:
Minor improvements to display chart.
릴리즈 노트:
Minor improvements.
릴리즈 노트:
Converted to Pine Script v4 and cleaned up code to remove unnecessary lines.
릴리즈 노트:
Fixed to work on all markets (previously was bugged on some markets)
If you want to master Pine Script coding, watch my free YouTube lessons or get the source code to my scripts then check out my Pine Script Mastery Course website: https://www.pinescriptmastery.com
코멘트
I hope that helps understand what's going on, good luck with your trading :)
strategy.exit("Exit Long", from_entry = "BUY", profit = longEntrySize, loss = longEntrySize)
strategy.exit("Exit Short", from_entry = "SELL", profit = shortEntrySize, loss = shortEntrySize)
stopSizeATR = atr(length)
longStopPrice = (close - lowest(low, lookback)) - stopSizeATR
longTargetPrice = (close - lowest(low, lookback)) + stopSizeATR
shortStopPrice = (highest(high, lookback) - close) + stopSizeATR
shortTargetPrice = (highest(high, lookback) - close) - stopSizeATR
And then use:
strategy.exit("Exit Long", from_entry = "BUY", profit = longTargetPrice, loss = longStopPrice)
strategy.exit("Exit Short", from_entry = "SELL", profit = shortTargetPrice, loss = shortStopPrice)
That should do the trick :) let me know if it doesn't, but that's basically what I use in my personal strategies.
stopSizeATR = atr(length)
longStopPrice = (close - lowest(low, lookback)) - stopSizeATR
longTargetPrice = close + stopSizeATR
shortStopPrice = (highest(high, lookback) - close) + stopSizeATR
shortTargetPrice = close - stopSizeATR
If you want to adjust the RR, change every reference of "stopSizeATR" to "(stopSizeATR * RR)". Let me know if you need help or have any questions :)
Of course your code is not wrong, is just how trading view code is.
Do you know any way to make this right? I need to use the close price and ATR price WHEN I open the trade, that way I can calculate the position size and know my risk before the trade.
Thank you!
And this post - https://www.tradingview.com/wiki/Pine_Script:_Release_Notes#Repainting_issue
Are you using security() to get any values in your script? If you want, PM me your code and I'll see if I can get it to work on my end. Otherwise you may have to contact TradingView support for that one. Sorry I can't be of more help! Good luck :)
Here it is, basically is finding the value of the ATR at the moment the scrip open a trade (and the position changed). Consider factor_profit variable as an option to have more or less profit target regarding the stop loss:
bought = strategy.position_size > strategy.position_size
sold = strategy.position_size < strategy.position_size
longStop = mult_keltner * valuewhen(bought, Atr, 0)
shortStop = mult_keltner * valuewhen(sold, Atr, 0)
longProfit = factor_profit * longStop
shortProfit = factor_profit * shortStop
if(decimals == 5)
longStop := longStop * 100000
longProfit := longProfit *100000
if(decimals == 4)
longStop := longStop * 10000
longProfit := longProfit * 10000
if(decimals == 3)
longStop := longStop * 1000
longProfit := longProfit * 1000
if(decimals == 2)
longStop := longStop * 100
longProfit := longProfit *100
if(decimals == 5)
shortStop := shortStop * 100000
shortProfit := shortProfit * 100000
if(decimals == 4)
shortStop := shortStop * 10000
shortProfit := shortProfit * 10000
if(decimals == 3)
shortStop := shortStop * 1000
shortProfit := shortProfit * 1000
if(decimals == 2)
shortStop := shortStop * 100
shortProfit := shortProfit * 100
strategy.exit("Exit Long", from_entry = "BUY", loss =longStop, profit = longProfit)
strategy.exit("Exit Short", from_entry = "SELL", loss =shortStop, profit = shortProfit)