Use indicator value as a constant

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  • 12/22/2021 at 10:03 AM #183736 quote
    Traktor
    Participant
    New

    Hi Everybody

    I’m using the ATR indicator as my Stop loss and profit target and I want that value to not update with each new bar. I’ve tried different methods but nothing works so far.

    ATR = AverageTrueRange[14] 


SET STOP pLOSS (1*ATR)
SET TARGET pPROFIT (2*ATR)

    Here the Value of “ATR” updates as every new bar opens but I want to only get the value from the same bar as I opened my position and use that value as a constant but I can’t seem to figure out how.

    Thanks in advance

    12/23/2021 at 12:21 AM #183781 quote
    robertogozzi
    Moderator
    Master

    There you go:

    ATR = AverageTrueRange[14] 
 
If MyLongConditions and Not OnMarket Then
   Buy at Market
   SET STOP pLOSS (1*ATR)
   SET TARGET pPROFIT (2*ATR)
Endif

    embedding the two lines in the IF…ENDIF block where a trade us entered ensures they won’t be executed each candle.

    Zigo thanked this post
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Use indicator value as a constant


ProBuilder: Indicators & Custom Tools

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Traktor @traktor Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
4 years, 1 month ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 12/22/2021
Status: Active
Attachments: No files
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