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!
Stoploss
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.
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.
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
Stop Loss PanelHere is a label panel that shows the stop-loss number for Long or Short trades based on volatility using average true range and and a mult of that.
Triple ATR multiplier - 3 ATR Values in OneHere you can choose to plot 3 different ATR values in 1 window. I use this indicator to get the values of my stop loss and take profits.
You can change the multiplier value for each ATR Line and the length of the base ATR.
Ty
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.
MACD VWAP IndicatorThis indicator uses a combination of the VWAP, EMA 9 and parts of the MACD in order to detect a bullish or bearish trend.
How to trade it:
Set SL either below or above the VWAP line (orange) and TP to 1:1.5 ratio (depending on last few candles, of course).
If EMA200 is close by then place SL either below or above EMA200 (blue) and TP to 1:1.5 ratio
Important:
Best traded in 15M, 30M => Intraday.
Have fun! :)
[CP]ATR Triple Stop Loss LevelsATR based Triple Stop Loss levels that are plotted on the chart (like moving averages!).
With ATR Levels plotted on the price chart itself, you can better set your volatility based trailing Stop Loss.
Also helps to define the SL when making an entry into a stock.
Note:
This indicator is supposed to be used on Daily and Weekly Charts.
For other timeframes you would need to tweek the default parameters.
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.
Stoploss indicatorGood for setting trailing stops and stoplosses when your taking a scalp etc, most recommended for manual trailing stops
ATR Stop Loss LONG/SHORT by melihgulerYou can monitor the stop loss level according to ATR in 2 ways (Long/Short).
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
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.
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.
ST0PST0P is a kind of a TRAILING STOP LOSS INDICATOR in which users can set up LONG or SHORT trade versions and also can set up a STOP LOSS level by percent % or unit difference.
It tries to solve the problem of stop loss indicators' default BUY or SELL settings and non adjustable stop levels of % and difference change in price levels.
(Will try to make updates to add user defined start bars.)
Kıvanç Özbilgiç
Trailing SL Alerts [QuantNomad]It's alerts version of my Trailing SL strategy:
Use "Once Per Bar" param when creating alerts.
Profit and Stoploss CalculatorThis script is designed to display three stop loss areas to assist either with automation of risk management or identify and alert when price is in a range of a trade for risk to reward ratio.
In this version there are three stop losses and 1 PT. Mainly because i will most likely only be using 1 of the SL to pair with the PT.
Stoploss areas are displayed on both sides of the price for long and short calculations along with the two profit factors but the settings in the indicator it self apply to both sides in terms of percentage.
ATR based Stop and Take-Profit levels in realtime Little tool to quickly identify stops and take-profit levels based on Average True Range. User can change ATR multipiers, as well as the ATR length used. Green and red lines show these levels; plot is visible over last 8 bars only to reduce clutter. Label showing the current ATR, up above the last bar
Trend TrailingAndrew Abraham
It can be used as:
- stop loss indicator
- indicator of support and resistance
- buy and sell signals
Trailing Stop Loss ATR + AlertI share this TSL indicator with alert (I use it only for Stocks), the configuration is very simple, you must select if it is a Short or Long operation, time at which the operation was opened,% of the daily ATR for TSL. It also contains:
- Alert
- Panel Info
Calculator (weighted) - evoA tool to calculate the average price and position size.
The "Risk Amount" input means the amount of dollars you lose if the trade gets stopped out (it should be based on a small percentage of your account).
TIPS
- If you use the weights to calculate an average price, make sure it adds up to 100% in total or you will get a weird number.
- Keep an eye on the risk amount if you take a trade, if I ever update the script it might set back to default which will change your position size.
- I tested it all but you might trade in a different way than me, so do your own calculation for every new thing you try with it.
If you find any bug please tell me so that no one ends up with a weird calculation or position size.
