ATR Take Profit and Stop Loss
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Hello could you convert this please from Tradingview into pro-real-time code
I have one I have been using but it is not as correct as this thank you
study(title = "NNFX ATR", shorttitle = "ATR", overlay = true, format = format.price, precision = 5) //Don't add scale = scale.right as the indicator will move all over the place atrLength = input(title = "X", defval = 14, minval = 1) atrProfit = input(title = "TP", defval = 1, type = input.float) atrLoss = input(title = "SL", defval = 1.5, type = input.float) smoothing = input(title="Smoothing", defval="RMA", options=["RMA", "SMA", "EMA", "WMA"]) function(source, length) => if smoothing == "RMA" rma(source, atrLength) else if smoothing == "SMA" sma(source, atrLength) else if smoothing == "EMA" ema(source, atrLength) else wma(source, atrLength) formula(number, decimals) => factor = pow(10, decimals) int(number * factor) / factor atr = formula(function(tr(true), atrLength),5) //Buy bAtrBuy = atrLength ? close + atr* atrProfit : close - atr* atrProfit bAtrSell = atrLength ? close - atr* atrLoss : close + atr* atrLoss plot(bAtrBuy, title = "Buy TP", color = color.blue, transp = 0, linewidth = 1, trackprice = true, editable= true) plot(bAtrSell, title = "Buy SL", color = color.red, transp = 25, linewidth = 1, trackprice = true, editable = true) //Sell sAtrBuy = atrLength ? close - atr* atrProfit : close + atr* atrProfit sAtrSell = atrLength ? close + atr* atrLoss : close - atr* atrLoss plot(sAtrBuy, title = " Sell TP", color = color.blue, transp = 35, linewidth = 1, trackprice = true, editable = true) plot(sAtrSell, title = "Sell SL", color = color.red, transp = 50, linewidth = 1, trackprice = true, editable = true) //This one is way below price because I don't want there to be a 5th line inbetween the 2 TPs and SLs plot(atr, title = " Main ATR", color = color.yellow, transp = 0, linewidth = 1, editable = true) //---END---1. This is an indicator specially made for NNFX traders who use the ATR rule of ATR1x for Take Profit and ATR1.5x for Stop Loss
The indicator:
1. It can be used for a quick look using the lines to see instead of calculating whether price hit a TP or SL. However I have kept the Main ATR for those who want to record the ATR into the spreadsheet when back testing or forward testing
2. When placing a buy/long order, TP is blue and appears above price, SL is red and appears below price
3. When placing a sell/short order, TP is blue and appears below price, SL is red and appears above price
4. The Main ATR, which is yellow, is way below price because I didn’t want the chart to be overwhelmed by a 5th line in the middle of 2 TPs and SLs aka make the chart look claustrophobicHere is below the translated code for this NNFX indicator that display the ATR takeprofit and stoploss for both Buy and Sell orders:
//NNFX ATR atrLength = 14 atrProfit = 1 atrLoss = 1.5 smoothing = 1 //formula(number, decimals) => once factor = pow(10, 5) //int(number * factor) / factor atr = (averagetruerange[atrlength]*factor)/factor//formula(function(tr(true), atrLength),5) //Buy bAtrBuy = close + atr* atrProfit //: close - atr* atrProfit bAtrSell = close - atr* atrLoss //: close + atr* atrLoss //plot(bAtrBuy, title = "Buy TP", color = color.blue, transp = 0, linewidth = 1, trackprice = true, editable= true) //plot(bAtrSell, title = "Buy SL", color = color.red, transp = 25, linewidth = 1, trackprice = true, editable = true) //Sell sAtrBuy = close - atr* atrProfit sAtrSell = close + atr* atrLoss //plot(sAtrBuy, title = " Sell TP", color = color.blue, transp = 35, linewidth = 1, trackprice = true, editable = true) //plot(sAtrSell, title = "Sell SL", color = color.red, transp = 50, linewidth = 1, trackprice = true, editable = true) //---END--- return bAtrBuy coloured("blue") as "Buy TP",bAtrSell coloured("red") as "Buy SL", sAtrBuy coloured("blue") as "Sell TP",sAtrSell coloured("red") as "Sell SL"Meta Signals Pro and Patrick K Templar thanked this postCela imprimera ● sur la bougie actuelle et ⬆︎ en dessous de la bougie précédente, lorsque le prix actuel dépasse le HAUT des 20 bougies précédentes :
PriceLevel = highest[20](high[1]) //DRAW only when CLOSE > this level // Période p = 5 // Average True Range X ATRx = AverageTrueRange[p](close) * 3.5 // ATRts = ATR Trailing Stop // Inversion de tendance IF close crosses over ATRts THEN ATRts = close - ATRx ELSIF close crosses under ATRts THEN ATRts = close + ATRx ENDIF // Cacul de l’ATRts lors de la même tendance IF close > ATRts THEN ATRnew = close - ATRx IF ATRnew > ATRts THEN ATRts = ATRnew ENDIF ELSIF close < ATRts THEN ATRnew = close + ATRx IF ATRnew < ATRts THEN ATRts = ATRnew ENDIF ENDIF IF close > PriceLevel THEN drawtext("●",BarIndex,PriceLevel,dialog,bold,36) coloured("Fuchsia") drawarrowUP(BarIndex[1],low[1]-range[1]) coloured("Red") ENDIF return ATRts as "ATR Trailing Stop"
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 09/15/2023 |
| Status: | Active |
| Attachments: | 3 files |