Stoploss Distance indicator

Marcel van Vliet · Wed, 22 Nov 2017 19:24:53 +0000

Lazy as I am, I got tired of calculating the stoploss distance of two times the ATR(20) for each trade or backtest. So I created a very simple indicator to do this job for me. The indicater shows the distance needed between the low of a candle and the stoploss. (In the case of the image 96 pip) You can tweak this indicator to your own needs. (For example; The name in Dutch on the cursor details screen) //Stoploss distance period=20 c=averagetruerange[period](close) AG = C*2 return AG as "Stoploss distance"

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11/22/2017 at 8:24 PM #53636

Marcel van Vliet

Lazy as I am, I got tired of calculating the stoploss distance of two times the ATR(20) for each trade or backtest. So I created a very simple indicator to do this job for me. The indicater shows the distance needed between the low of a candle and the stoploss. (In the case of the image 96 pip) You can tweak this indicator to your own needs. (For example; The name in Dutch on the cursor details screen)

//Stoploss distance period=20 c=averagetruerange[period](close) AG = C*2 return AG as "Stoploss distance"

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//Stoploss distance

period=20

c=averagetruerange[period](close)

AG = C*2

return AG as "Stoploss distance"

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manel

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Stoploss Distance indicator

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