HPotter

Average True Range Trailing Stops Colored

Average True Range Trailing Stops Strategy, by Sylvain Vervoort
The related article is copyrighted material from Stocks & Commodities Jun 2009
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?
////////////////////////////////////////////////////////////
//  Copyright by HPotter v2.0 13/10/2014
// Average True Range Trailing Stops Strategy, by Sylvain Vervoort 
// The related article is copyrighted material from Stocks & Commodities Jun 2009 
////////////////////////////////////////////////////////////
study(title="Average True Range Trailing Stops Strategy, by Sylvain Vervoort", overlay = true)
nATRPeriod = input(5)
nATRMultip = input(3.5)
xATR = atr(nATRPeriod)
nLoss = nATRMultip * xATR
xATRTrailingStop = iff(close > nz(xATRTrailingStop[1], 0) and close[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), close - nLoss),
                    iff(close < nz(xATRTrailingStop[1], 0) and close[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), close + nLoss), 
                        iff(close > nz(xATRTrailingStop[1], 0), close - nLoss, close + nLoss)))
pos =	iff(close[1] < nz(xATRTrailingStop[1], 0) and close > nz(xATRTrailingStop[1], 0), 1,
	    iff(close[1] > nz(xATRTrailingStop[1], 0) and close < nz(xATRTrailingStop[1], 0), -1, nz(pos[1], 0))) 
color = pos == -1 ? red: pos == 1 ? green : blue 
plot(xATRTrailingStop, color=color, title="ATR Trailing Stop")

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Kommentare

Hi, Thank you for posting this. I am very new to this concept and wish to ask what may be a stupid question. Here goes anyway:

Example: I have a max risk goal of not to lose more than 2% on any given trade.

1.) How would I set the inputs for this?

I have read some stuff on what is called an Average True Range Dynamic Stop.

2.) Is your script an ATR Dynamic Stop or something else?

Thanks

+8 Antworten
HPotter Codetrader
Hi, codetrader
1) I can`t recomendet to you anything. I don`t use this script, I just coding it from magazine Stocks & Commodities Jun 2009. Sorry.

2) This script recalculated on the realtime and make changes in the stoploss level dynamically.
+3 Antworten
Codetrader HPotter
Okay, thanks you
Antworten
Hey! Thanks for the script!
Question: Is it repainting?
+4 Antworten
HPotter TraderPavlos
@TraderPavlos, You are welcome. Should be.
Antworten
good job harry keep going
+1 Antworten
HPotter coinalert
@coinalert, You are welcome.
+1 Antworten
Hi thanks for the script, it's very useful!

Is it possible to use it with "//@version=2" parameter?

best regards, Luca
Antworten
LucaManghi LucaManghi
Never mind, I have adapted my script, now it works without the "//@version=2".

Thanks again for sharing the script, Luca
Antworten
HPotter LucaManghi
You are welcome.
Antworten
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