SL on last candle

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  • 11/14/2020 at 10:50 AM #150463 quote
    umebon
    Participant
    Average

    Hi

    I have read and tried too figure this out but I can’t get it too work. I would like too have a SL that moves with previous candle. If price moves up i want SL too move to be set too last candles low. I’m working long only..

    11/14/2020 at 11:17 AM #150465 quote
    robertogozzi
    Moderator
    Master

    There you go:

    IF Not OnMarket THEN
   NewSL = 0                     //clear NewSL when not OnMarket
ELSE
   IF close > close[1] THEN      //update stop loss when price is rising
      NewSL = max(NewSL,low[1])  //to previous candle's low, if higher than before
   ENDIF
   IF NewSL > 0 THEN
      SELL AT NewSL STOP         //exit at calculated stop, if any
   ENDIF
ENDIF
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SL on last candle


ProBuilder: Indicators & Custom Tools

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umebon @umebon Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
5 years, 3 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 11/14/2020
Status: Active
Attachments: No files
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