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.
Информация о релизе:
Minor improvements
Информация о релизе:
Converted ATR and S/L into whole numbers.
Added optional T1 (Profit Target).
Added optional T1 (Profit Target).
Информация о релизе:
Minor improvements to display chart.
Информация о релизе:
Minor improvements.
Информация о релизе:
Converted to Pine Script v4 and cleaned up code to remove unnecessary lines.
Информация о релизе:
Fixed to work on all markets (previously was bugged on some markets)
Информация о релизе:
Updated to Pine Script v5
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FREE YouTube Lessons: rebrand.ly/zyt
FREE Pine Script Basics Course: rebrand.ly/zpsbc
Pine Script MASTERY Course: rebrand.ly/zpsmc
My Indicators & Strategies: rebrand.ly/zmisc