Indicators: Trailing_Stop_Level

 

Trailing_Stop_Level:

The indicator displays possible StopLoss levels on the price chart. Levels are shown separately for Long and Short positions. The indicator is similar to Mod_ATR_Trailing_Stop, but has a different calculation basis - in percentage.

It has one input parameter:

  • Percent - the percentage value of the distance between the Stop line and the Close price.

Author: Scriptor

 
Automated-Trading:

Trailing_Stop_Level:

Author: Scriptor

Hi Scriptor

can you add SendNotification when the trend changes, please

It would be perfect for me

Thanks

Mario

 

Hi Scriptor

Is it possible you check the code, something strange ( see image ) . Thks vm in advance. Neuch

Files:
Capture.JPG  149 kb
 
neuch:

Hi Scriptor

Is it possible you check the code, something strange ( see image ) . Thks vm in advance. Neuch

//  Trailing_Stop_Level_m03.mq5

***

Documentation on MQL5: Constants, Enumerations and Structures / Named Constants / Other Constants
Documentation on MQL5: Constants, Enumerations and Structures / Named Constants / Other Constants
  • www.mql5.com
The CLR_NONE constant is used to outline the absence of color, it means that the graphical object or graphical series of an indicator will not be plotted. This constant was not included into the Web-color constants list, but it can be applied everywhere where the color arguments are required. The EMPTY_VALUE constant usually corresponds to the...
 
Mario Trinchero :

//  Trailing_Stop_Level_m03.mq5

***

Use the button Code

 
neuch:

Hi Scriptor

Is it possible you check the code, something strange ( see image ) . Thks vm in advance. Neuch

//  Trailing_Stop_Level_mod1.mq5

#property indicator_chart_window
#property indicator_buffers 3
#property indicator_plots   2
#property indicator_label1  "Level for short"
#property indicator_type1   DRAW_LINE
#property indicator_color1  clrRed
#property indicator_style1  STYLE_SOLID
#property indicator_width1  1
#property indicator_label2  "Level for long"
#property indicator_type2   DRAW_LINE
#property indicator_color2  clrGreen
#property indicator_style2  STYLE_SOLID
#property indicator_width2  1

input double   InpPercent  =  0.5;

double BufferLevUP[],BufferLevDN[],BufferData[];
string IndicatorName, ShortName;

int OnInit()  {
   SetIndexBuffer(0,BufferLevUP,INDICATOR_DATA);
   SetIndexBuffer(1,BufferLevDN,INDICATOR_DATA);
   SetIndexBuffer(2,BufferData,INDICATOR_CALCULATIONS);
   IndicatorName=MQL5InfoString(MQL5_PROGRAM_NAME); 
   ShortName =IndicatorName+"("+DoubleToString(InpPercent,2)+")";
   IndicatorSetString(INDICATOR_SHORTNAME,ShortName);  
   IndicatorSetInteger(INDICATOR_DIGITS,Digits());
   ArraySetAsSeries(BufferLevUP,true);
   ArraySetAsSeries(BufferLevDN,true);
   ArraySetAsSeries(BufferData,true);
   return(INIT_SUCCEEDED);
}

int OnCalculate(const int rates_total, const int prev_calculated, const datetime &time[], const double &open[], const double &high[], const double &low[], const double &close[], const long &tick_volume[], const long &volume[], const int &spread[]) {
   if(rates_total<4) return 0;
   ArraySetAsSeries(close,true);
   int limit=rates_total-prev_calculated;
   if(limit>1) {
      limit=rates_total-2;
      ArrayInitialize(BufferLevUP,EMPTY_VALUE);
      ArrayInitialize(BufferLevDN,EMPTY_VALUE);
      ArrayInitialize(BufferData,0);
   }
   for(int i=limit; i>=0 && !IsStopped(); i--) {
      double loss=close[i]*InpPercent/100;
      if(close[i]>BufferData[i+1] && close[i+1]>BufferData[i+1]) {
         BufferData[i]=fmax(BufferData[i+1],close[i]-loss);
         BufferLevDN[i]=BufferData[i];
         BufferLevUP[i]=EMPTY_VALUE;
      }
      else {
         if(close[i]<BufferData[i+1] && close[i+1]<BufferData[i+1]) {
            BufferData[i]=fmin(BufferData[i+1],close[i]+loss);
            BufferLevUP[i]=BufferData[i];
            BufferLevDN[i]=EMPTY_VALUE;
         }
         else {
            if(close[i]>BufferData[i+1]) {
               BufferData[i]=close[i]-loss;
               BufferLevDN[i]=BufferData[i];
               BufferLevUP[i]=EMPTY_VALUE;
            }
            else {
               BufferData[i]=close[i]+loss;
               BufferLevUP[i]=BufferData[i];
               BufferLevDN[i]=EMPTY_VALUE;
            }
         }
      }
   }
   return(rates_total);
}
 
Vladimir Karputov:

Use the button

Thanks Vladimir