use of GRAPHONPRICE with a STOP %TRAILING

• 01/24/2025 at 4:39 PM #243068
  oliTR

  Hello,

  is it possible to use GRAPHONPRICE with instruction such as  a STOP %TRAILING ?

  Thanks

  

  oliTR

  Participant

  Topics: 11

  Replies: 7

  Been thanked: 3 times
  01/24/2025 at 5:29 PM #243073
  Iván

  Hello. You should create a trail stop variable and from there you could even play with the transparency so that it only draws when you are inside the operation. Here is an example

  sma=average[50,0](close) // This will control the STOP LOSS transparency if not onmarket then transparency=0 //transparency else transparency=255 endif // Long Trades if not onmarket and close crosses over sma then stopLoss=close-2*averagetruerange[14](close) targetProf=close+2*(-stopLoss+close) buy 1 contracts at market endif set stop price stopLoss set target price targetProf graphonprice stopLoss coloured(255,0,0,transparency)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

  sma=average[50,0](close) // This will control the STOP LOSS transparency if not onmarket then transparency=0 //transparency else transparency=255 endif // Long Trades if not onmarket and close crosses over sma then stopLoss=close-2*averagetruerange[14](close) targetProf=close+2*(-stopLoss+close) buy 1 contracts at market endif   set stop price stopLoss set target price targetProf   graphonprice stopLoss coloured(255,0,0,transparency)

  2 users thanked author for this post.

  oliTR, fifi743

  

  Iván

  Moderator

  Topics: 0

  Replies: 1173

  Been thanked: 423 times
• Author
  Posts