OPEN-SOURCE SCRIPT
Rob Hoffman's 50/80/90/Price Trailing Stop Loss
Updated
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.
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 everythingRob 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 author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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