img - https://prnt.sc/xr8q0u
strategy("Stop Loss Example: Simple Stoploss", overlay=true)
sma_per = input(200, title='SMA Lookback Period', minval=1)
sl_inp = input(2.0, title='Stop Loss %', type=float)/100
tp_inp = input(3.0, title='Take Profit %', type=float)/100
stop_level = strategy.position_avg_price * (1 - sl_inp)
take_level = strategy.position_avg_price * (1 + tp_inp)
sma = sma(close, sma_per)
strategy.entry("Simple SMA Entry", strategy.long, when=crossover(close, sma))
strategy.exit("Stop Loss/TP","Simple SMA Entry", stop=stop_level, limit=take_level)
plot(stop_level, color=red, style=linebr, linewidth=2)
plot(take_level, color=green, style=linebr, linewidth=2)
Like in the picture above I would like the TP&SL in a nice horizontal line, when the future candle hits the TP or SL it should exit the trade.
img - https://prnt.sc/xr8nu1
strategy("Stop Loss Example: Simple Stoploss", overlay=true)
ATR = atr(input(defval=14,title="ATR",type=integer))[1]
Multip = input(defval=1,title="Multiplier",type=integer)
sma_per = input(200, title='SMA Lookback Period', minval=1)
sl_inp = input(2.0, title='Stop Loss %', type=float)/100
tp_inp = input(3.0, title='Take Profit %', type=float)/100
Longstop =low - ATR * Multip
test1 = strategy.position_avg_price - Longstop
test2 = (100 / strategy.position_avg_price * test1) / 100
sma = sma(close, sma_per)
stop_level = strategy.position_avg_price * (1 - test2)
take_level = strategy.position_avg_price * (1 + tp_inp)
strategy.entry("Simple SMA Entry", strategy.long, when=crossover(close, sma))
strategy.exit("Stop Loss/TP","Simple SMA Entry", stop=stop_level, limit=take_level)
plot(stop_level, color=red, style=linebr, linewidth=2)
plot(take_level, color=green, style=linebr, linewidth=2)
Only I want to use ATR for SL. I've tried something myself, but the SL line is recalculated by every candle.
How do I get the SL in a horizontal line?
question from:
https://stackoverflow.com/questions/65936463/stop-loss-with-atr 
