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Stoploss Distance indicator

Marcel van Vliet · 2017-11-22T19:24:53+00:00

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 indicator

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11/22/2017 at 8:24 PM #53636 quote
Marcel van Vliet
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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"
```
manel thanked this post

stoploss-distance-1511363868plc48.jpg
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Stoploss Distance indicator

ProBuilder: Indicators & Custom Tools

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Marcel van Vliet @marcel Participant

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Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	11/22/2017
Status:	Active
Attachments:	1 files

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Stoploss Distance indicator

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Stoploss Distance indicator ProBuilder: Indicators & Custom Tools

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Stoploss Distance indicator

ProBuilder: Indicators & Custom Tools