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Use indicator value as a constant

Traktor · 2021-12-22T09:03:11+00:00

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

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ProBuilder: Indicators & Custom Tools
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

Legend
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.

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Use indicator value as a constant

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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, 9 months ago.

Topic Details

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

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Use indicator value as a constant

Stuck on this ProBuilder code?

Use indicator value as a constant ProBuilder: Indicators & Custom Tools

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Use indicator value as a constant

ProBuilder: Indicators & Custom Tools