Stop loss moving averages

• 04/12/2023 at 8:53 PM #213214
  Ludde

  Hi. I need need help with a indicator. I have managed to make an indicator where a moving average cross over an other moving average.  If the shorter moving average is above the longer the indicater shovs 1  and if it is under it shows 0.

  If you trade on crossovers it could take a while if your stop loss is when the averages cross over each other  in the opposite direction. So I use a stopp loss in percent.

  Let say that you want to go long when the short moving average cross over the long average.  Then I want an indicater that shows 1 when the loss is 0.2 percent or more. Otherwise it shows 0.

  So from the closing price when the short average cross over the long I want the indicator to show 1 as soon as the indicater show a loss of 0.2 percent or more.

  I also want an other indicator that shows the opposite if I go short when the shorter average goes below the longer average.

  It would be good if i push on configure i could choose between diffrent averages like exponential moving average and other sorts of averages. And you could choose betwen the length of the short and long average. You should also be able to choose how much loss you can accept in percent.

  I would be very happy i some one could help me make such an indicator.

  

  Ludde

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  04/13/2023 at 10:00 AM #213226
  JS

  Hi,

  Maybe this is a start…

   

  Stop Loss MA

  Once FastPeriod=20 //Fast Period Once SlowPeriod=40 //Slow Period Once FastMAType=1 //EMA Once SlowMAType=4 //Triangular MA Once PercMaxLoss=0.2 //Max Percentage Loss FastMA=Average[FastPeriod,FastMAType](Close) SlowMA=Average[SlowPeriod,SlowMAType](Close) If FastMA Crosses Over SlowMA then Long=1 Short=0 CrossPriceLong=Close EndIf If Long=1 and(Close/CrossPriceLong - 1)*100<= -PercMaxLoss then LongSignalPerc=1 Else LongSignalPerc=0 EndIf If FastMA Crosses Under SlowMA then Long=0 Short=1 CrossPriceShort=Close EndIf If Short=1 and (1 - Close/CrossPriceShort)*100<= -PercMaxLoss then ShortSignalPerc=1 Else ShortSignalPerc=0 EndIf Return LongSignalPerc as "LongSignalPerc", ShortSignalPerc as "ShortSignalPerc"

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  Once FastPeriod=20 //Fast Period Once SlowPeriod=40 //Slow Period Once FastMAType=1 //EMA Once SlowMAType=4 //Triangular MA Once PercMaxLoss=0.2 //Max Percentage Loss   FastMA=Average[FastPeriod,FastMAType](Close) SlowMA=Average[SlowPeriod,SlowMAType](Close)   If FastMA Crosses Over SlowMA then Long=1 Short=0 CrossPriceLong=Close EndIf   If Long=1 and(Close/CrossPriceLong - 1)*100<= -PercMaxLoss then LongSignalPerc=1 Else LongSignalPerc=0 EndIf   If FastMA Crosses Under SlowMA then Long=0 Short=1 CrossPriceShort=Close EndIf   If Short=1 and (1 - Close/CrossPriceShort)*100<= -PercMaxLoss then ShortSignalPerc=1 Else ShortSignalPerc=0 EndIf   Return LongSignalPerc as "LongSignalPerc", ShortSignalPerc as "ShortSignalPerc"

  

  JS

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