Candle Low Offset [QuadzCrypto]

25 thg 9, 2024

==== Candle Low Offset Indicator [Quadz Crypto] ====

==== Overview ====

The "Candle Low Offset" indicator offers a method for tracking a price point that sit below the low of each candle by a percentage offset.

It was originally intended to provide a price point with flexibility for setting a stop loss below the entry candle low, however, it could be used for other applications.

==== Definitions ====

- Offset Percentage: The % below the low you wish the trend line to follow configurable to 0.01 increments

==== Plots ====

- Offset: Plots a trend line below the candle lows

==== Style ====

- Offset: Allows users to configure the colour and thickness of the offset plot line

==== Application ====

This has been coded to be used with the Max StopLoss function on the Krown Quant SKX indicator to provide an alternative stop loss location on the entry candle.

==== Disclaimer ====

This indicator is for educational purposes only and should not be construed as financial advice. Trading involves risk, and you should consult with a qualified financial advisor before making any trading decisions.

29 thg 9, 2024

Phát hành các Ghi chú

Updated to include high and low offsets

==== Overview ====

The "Candle Low & High Offset" indicator offers a method for tracking a price point that sit below the low of each candle by a percentage offset.

It was originally intended to provide a price point with flexibility for setting a stop loss below the entry candle low or above the entry candle high, however, it could be used for other applications.

The inputs can be changed to different sources but note that the low offset input percentage will always subtract the percentage from the input value whilst the high offset input percentage will always add to the input value.

==== Inputs ====
- Show Low Offset: Enable or Disable the low offset trend line
- Show High Offset: Enable of Disable the high offset trend line
- Low Offset Percentage: The % below the low you wish the trend line to follow; configurable to 0.01 increments
- High Offset Percentage: The % above the high you wish the trend line to follow; configurable to 0.01 increments

==== Plots ====

- Low Offset: Plots a trend line below the candle lows bu the specified %
- High Offset: Plots a trend line above the candle highs by the specified %

==== Style ====

- Low Offset: Allows users to configure the plot line of the offset (Default Red)
- High Offset: Allows users to configure the plot line of the offset (Default Green)

==== Application ====

This has been coded to be used with the Max StopLoss function on the Krown Quant SKX indicator to provide an alternative stop loss location on the entry candle for long and short trades.

==== Disclaimer ====

This indicator is for educational purposes only and should not be construed as financial advice. Trading involves risk, and you should consult with a qualified financial advisor before making any trading decisions.