ATR Take Profit and Stop Loss

• 09/15/2023 at 8:55 AM #221073
  Patrick K Templar

  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---

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  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 claustrophobic

  

  Patrick K Templar

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  09/15/2023 at 2:46 PM #221114
  Nicolas

  Here 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"

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  //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"

   

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