Trailing Stop Loss — Indicator by mdeous

simplemovingaverage averagetruerange atr stoploss trailingstop

Trailing stop loss indicator to determine when to exit a position.

Multiple trailing stop loss calculation techniques are implemented:

ATR: Determines stop loss using a gap from recent highest value, that gap is defined by the ATR value and a multiplier
MA: Just a simple moving average used as a stop-loss
Percentage: Uses a percentage of the price

The script also implements alerting to be notified when the stop loss price is reached.

Release Notes:

Update to Pine Script v5

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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