Rob Hoffman's 50/80/90/Price Trailing Stop Loss

A trailing stop loss method by Rob Hoffman.

Set your entry, TP, and SL.

Once price is 50% of its way to the TP, set your stop loss at the gray line.
Once price is 80% of its way to the TP, set your stop loss at the light gray line.
Once price is 90% of its way to the TP set your stop loss at the white line.

Release Notes

-Added a selection of whether your trade is LONG or SHORT to determine how the script will plot the Trailing SL
-Only plots Trailing SL when price is 50/80/90% of its way to the TP mark

Release Notes

Changed everything

Rob Hoffman's Trailing Stop Method (50/80/90)

Once price hits 50% of tp, raise stop loss to 50% of 50% of tp.
Once price hits 80% of tp, raise stop loss to 80% of 80% of tp.
Once price hits 90% of tp, raise stop loss to 80% of 90% of tp.

Instead of a plot, its using a table to easily see what the values are.
Using interactive mode for quick set-up.

Release Notes

;)

Release Notes

Fixed formulas.

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.

D499

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

D499