Supertrend (ST) is a popular stop loss and trend identification script. The simplicity of seeing a clean trend on a chart makes it attractive, yet it is restricted by only allowing the source, length and multiplier to be adjusted, & these tend to have a limited effect on the properties of the identified trend. There is a wide variety of interesting ST scripts on...
This indicator enables interactive placement of limit or stop-limit orders with a trailing ATR stop-loss and optional profit target (with alerts). Refer to the images below for further clarification. Why use a trailing stop-loss? A trailing stop-loss serves as an exit strategy when price moves against you, while also allowing you to adjust the exit point...
Hi This is a small script that tries to assess the probability that a limit order sent at x % from the last close will be filled in the next y bars. It is based on historical data and can be useful to decide where to place your limit orders and to determine how far from the price you can put the limit order to get an X% chance of getting filled. It displays this...
An example of how to limit the input number of allowed signals using a function containing a condition counter with a reset.
This scripts plots settlement and the circuit breaker limits for U.S. Equity Indexes. The current limits for the equity index futures are + and - 7%, 13%, and 20% from the previous day's settlement price. If price reaches these levels trading is either paused briefly or for the remainder of the day. The full resource (CME Website) is below. There are plans to...
Displays recent higher highs, lower highs, lower lows, and higher lows as a collection of local limit indicators. In its simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent support and resistance levels. Makes current trends more visible. ...
Displays recent higher and lower highs. In it's simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent resistance levels. Makes current trends more visible. Excellent as a trailing stop (short) algorithm. Can be used with its sibling: ...
Displays recent higher and lower lows. In it's simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent support levels. Makes current trends more visible. Excellent as a trailing stop algorithm. Can be used with its sibling: Local Limit Upper