Wx Stop Loss Beta

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Wx Stop Loss Beta is an adaptive stop-loss overlay intended for discretionary entry management in medium- to long-term trades. It integrates a volatility filter, support-based logic, and capital protection constraints.
• Manual Entry Price: User inputs their actual entry point
• Volatility Anchor: Stop-loss adjusts using ATR (customizable length and multiplier)
• Support Reference: Based on swing low over a configurable lookback period
• Loss Cap: Maximum allowable loss percentage from entry price (hard floor)
• Trailing Logic: Stop-loss only moves upward (never lowers), adapting to favorable price action
• Output: Displays a horizontal line at the stop-loss level and renders its value in the data window

Warning: This tool is experimental and has not been formally backtested. It is provided as-is for manual strategy enhancement. Use at your own discretion, and validate thoroughly in a paper or sandbox environment before relying on it in live trading. Feedback and critique are encouraged.

6 thg 5

Phát hành các Ghi chú

Wx Stop Loss Beta is an adaptive stop-loss overlay intended for discretionary entry management in medium- to long-term trades. It integrates a volatility filter, support-based logic, and capital protection constraints.
• Manual Entry Price: User inputs their actual entry point
• Volatility Anchor: Stop-loss adjusts using ATR (customizable length and multiplier)
• Support Reference: Based on swing low over a configurable lookback period
• Loss Cap: Maximum allowable loss percentage from entry price (hard floor)
• Trailing Logic: Stop-loss only moves upward (never lowers), adapting to favorable price action
• Output: Displays a horizontal line at the stop-loss level and renders its value in the data window

Warning: This tool is experimental and has not been formally backtested. It is provided as-is for manual strategy enhancement. Use at your own discretion, and validate thoroughly in a paper or sandbox environment before relying on it in live trading. Feedback and critique are encouraged.

6 thg 5

Phát hành các Ghi chú

Wx Stop Loss Beta is an adaptive stop-loss overlay intended for discretionary entry management in medium- to long-term trades. It integrates a volatility filter, support-based logic, and capital protection constraints.
• Manual Entry Price: User inputs their actual entry point

• Volatility Anchor: Stop-loss adjusts using ATR (customizable length and multiplier)
• Support Reference: Based on swing low over a configurable lookback period
• Loss Cap: Maximum allowable loss percentage from entry price (hard floor)
• Trailing Logic: Stop-loss only moves upward (never lowers), adapting to favorable price action
• Output: Displays a horizontal line at the stop-loss level and renders its value in the data window

Warning: This tool is experimental and has not been formally backtested. It is provided as-is for manual strategy enhancement. Use at your own discretion, and validate thoroughly in a paper or sandbox environment before relying on it in live trading. Feedback and critique are encouraged.

6 thg 5

Phát hành các Ghi chú

Wx Stop Loss Beta is an adaptive stop-loss overlay intended for discretionary entry management in medium- to long-term trades. It integrates a volatility filter, support-based logic, and capital protection constraints.
• Manual Entry Price: User inputs their actual entry point
• Volatility Anchor: Stop-loss adjusts using ATR (customizable length and multiplier)
• Support Reference: Based on swing low over a configurable lookback period
• Loss Cap: Maximum allowable loss percentage from entry price (hard floor)
• Trailing Logic: Stop-loss only moves upward (never lowers), adapting to favorable price action
• Output: Displays a horizontal line at the stop-loss level and renders its value in the data window

Warning: This tool is experimental and has not been formally backtested. It is provided as-is for manual strategy enhancement. Use at your own discretion, and validate thoroughly in a paper or sandbox environment before relying on it in live trading. Feedback and critique are encouraged.

14 thg 5

Phát hành các Ghi chú

Wx Stop Loss Beta is an adaptive stop-loss overlay intended for discretionary entry management in medium- to long-term trades. It integrates a volatility filter, support-based logic, and capital protection constraints.

• Manual Entry Price: User inputs their actual entry point
• Volatility Anchor: Stop-loss adjusts using ATR (customizable length and multiplier)
• Support Reference: Based on swing low over a configurable lookback period
• Loss Cap: Maximum allowable loss percentage from entry price (hard floor)
• Trailing Logic: Stop-loss only moves upward (never lowers), adapting to favorable price action
• Output: Displays a horizontal line at the stop-loss level and renders its value in the data window

This update removed the blue line connecting every candle.

Warning: This tool is experimental and has not been formally backtested. It is provided as-is for manual strategy enhancement. Use at your own discretion, and validate thoroughly in a paper or sandbox environment before relying on it in live trading. Feedback and critique are encouraged.

14 thg 5

Phát hành các Ghi chú

Wx Stop Loss Beta is an adaptive stop-loss overlay intended for discretionary entry management in medium- to long-term trades. It integrates a volatility filter, support-based logic, and capital protection constraints.
• Manual Entry Price: User inputs their actual entry point
• Volatility Anchor: Stop-loss adjusts using ATR (customizable length and multiplier)
• Support Reference: Based on swing low over a configurable lookback period
• Loss Cap: Maximum allowable loss percentage from entry price (hard floor)
• Trailing Logic: Stop-loss only moves upward (never lowers), adapting to favorable price action
• Output: Displays a horizontal line at the stop-loss level and renders its value in the data window

Warning: This tool is experimental and has not been formally backtested. It is provided as-is for manual strategy enhancement. Use at your own discretion, and validate thoroughly in a paper or sandbox environment before relying on it in live trading. Feedback and critique are encouraged.

14 thg 5

Phát hành các Ghi chú

This version now caps the stop-loss at a maximum of 15% below the current price.

22 thg 9

Phát hành các Ghi chú

Wx Stop Loss Beta (Live Price Capped)
Adaptive, trail-up-only stop-loss overlay. The script computes a base stop each bar and then trails it upward using a persistent series so the stop never decreases.

Method
• Base stop = max( SwingLow(swingBack) − ATR(atrLength)*atrMult , close*(1 − maxLossPct/100) )
– Swing-low minus ATR buffer (volatility / structure)
– Capped so the stop is never deeper than maxLossPct below the current price
• Trail logic: trailStop = max(trailStop[1], baseStop) updated only on bar close (barstate.isconfirmed) to avoid intrabar oscillation. The trailed stop therefore moves up only and never down.

Inputs
• ATR Length (default 14)
• ATR Multiplier (default 1.0)
• Swing Low Lookback (default 12)
• Max Loss % from Current Price (default 15%)

Output
• Horizontal stop line (extends right) and a label showing SL: <value> at the current bar.

Notes / Limitations
• The stop does not auto-reset after a hypothetical stop-out; it keeps the last trailed value. (Add your own reset/exit logic if desired.)
• Works on any timeframe; updates on confirmed bars only.
• Visual tool only—does not place broker orders.

Disclaimer
Experimental beta. No formal backtest included. Use at your own discretion; validate in paper trading before live use. Not investment advice.

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Phát hành các Ghi chú

Overview
Adaptive stop-loss companion for discretionary swing and position trading. The script maintains two independent stops:
• All Time High SL (orange): a trail-up-only stop that never decreases.
• Live SL (blue): a current-price-capped stop that updates each bar.

Method
Base Stop per bar = max( SwingLow(swingBack) − ATR(atrLength) × atrMult, Close × (1 − maxLossPct/100) )
• Structure/volatility anchor: swing low minus an ATR buffer.
• Capital protection: never deeper than Max Loss % below the current price.
• ATH logic: a persistent trailing series updates on bar close only, so the stop moves up but never down.

Inputs
• ATR Length (default 14)
• ATR Multiplier (default 1.0)
• Swing Low Lookback (default 12)
• Max Loss % from Current Price (default 15%)
• Visibility toggles: Show All Time High Stop Loss, Show Live Stop Loss

Outputs
• All Time High SL: orange line, extends to the right; label “All Time High SL: ”.
• Live SL: blue line, extends across the entire chart; label “Live SL: ”.
• Values are shown with thousand separators and exactly two decimals.

What’s new
• Added a second stop: Live SL (blue), spanning the full timeline.
• Renamed labels to “All Time High SL” and “Live SL”.
• Added visibility checkboxes to turn each stop on/off independently.
• Removed the old candle-connecting line artifact.
• Consistent formatting: comma separators and 2 decimals on labels.
• UI polish: clear colors and line width for easy scanning.

Notes and limitations
• Works on any timeframe (from 1m to 1M); ATH updates on confirmed bars only.
• The ATH series does not auto-reset after a hypothetical stop-out; add your own reset/exit logic if desired.
• Visual decision aid only; does not place broker orders or constitute investment advice. Test thoroughly before live use.