INVITE-ONLY SCRIPT
Relativity Adaptive Stop-Loss
Updated
Relativity Adaptive Stop-Loss is a stop-loss technique that uses the Relativity Autonomous Distribution Blocks algorithm.
For detailed info about Relativity Autonomous Distribution Blocks :
*** Features
*** Settings :
*** USAGE
The Stop-Loss indicator can slide on the chart.
So you have to make sure you put it in right place.
NOTE :
Some structures (Market Adaptive Stop-Loss) and design in this script are inspired by everget's Chandelier Exit script :
Best regards.
For detailed info about Relativity Autonomous Distribution Blocks :
*** Features
- This structure is different from standard stop-losses.
The base frame is based on "Market Adaptive Stop-Loss" script.
For detailed information about Market Adaptive Stop-Loss:
- This script uses the Relativity Autonomous Distribution Blocks as cross method.
- Tradeable / Non Tradeable Region Detector :
This script separates tradeable and non-tradeable regions with a coloring method.
Plotting Rules :
* Maroon : Uncorfirmed Short Positions
* Teal : Unconfirmed Long Positions
* Green : Confirmed Long Positions
* Red : Confirmed Short Positions
- This script can be used in only 1W time frame. (TF = 1W )
- Does not repaint on 1W and larger time frames. ( Source = close )
*** Settings :
- The only option here is the ATR multiplier.
The default use value of this ATR multiplier, which is of the standard of stop-loss, is 2.You can set it from the menu.
No alert is set.
Because the positive and negative regions are the same as Relativity Autonomous Distribution Blocks.
Since the traders can trade according to the support and resistance outside the definite regions, the unnecessary signal was confused and the alerts were removed.
*** USAGE
The Stop-Loss indicator can slide on the chart.
So you have to make sure you put it in right place.
- Using this script in a new pane below will radically solve slip problems.
Stop-Loss values do not slip definitely.The values can select from the alignment.
NOTE :
Some structures (Market Adaptive Stop-Loss) and design in this script are inspired by everget's Chandelier Exit script :
Best regards.
Release Notes
Slide on chart problems solved . Thanks syrinxflunki to his suggestion . You can also use it safely on the chart.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Noldo for more information, or follow the author's instructions below.
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Disclaimer
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