Indicators: Trailing_Stop_Level

[Automated-Trading]

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

[Mario Trinchero]

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

[neuch]

Hi Scriptor

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

[Mario Trinchero]

neuch:

Hi Scriptor

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

//  Trailing_Stop_Level_m03.mq5

***

[Vladimir Karputov]

Mario Trinchero :

//  Trailing_Stop_Level_m03.mq5

***

Use the button

[Mario Trinchero]

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);
}

[Mario Trinchero]

Vladimir Karputov:

Use the button

Thanks Vladimir