OPEN-SOURCE SCRIPT
PCT Trailing Stoploss-Strategy
I am not a financial advisor and this is not financial advice. This is provided for illustration only for a Percent based Trailing Stoploss.
I have been looking for a Percent based Trailing Stoploss and have not been able to find one that would work for me so I wrote my own. This works in both a Strategies and Indicators I put comments inline of where to add or remove comments// depending on which one you are aiming for. The simple EMA crossovers are there just to give the strategy something to do. To use, copy the Stoploss section, the inputs at the top, and the reset under the sell section to your own script. When I first started out I found the code for removing the redundant signals and then used it in most of my scripts. For the life of me I do not remember where I got it - either in a comment in Tradingview or on a reddit post, so if you wrote that part, thank you.
About me:
I have only been working with PineScript since January 2022 and have never been much of a coder from a professional standpoint but decided to jump in and learn Pine mainly because I am a crap, emotional trader and this way I can remove that aspect of it and lose my money programmatically as opposed to making it a conscious decision :)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.