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 Autonomous LSTM 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 all time frames.
Does not repaint. ( 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 Autonomous LSTM. 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 place. Since this is a region scan from the OHLC levels, indicator contains small blue dots to the ohlc levels and made it serve as a guide. However, since we cannot know the OHLC values precisely, it is best to use them as follows: Because it is often forgotten to put it in place: (OHLC : Average of Open, High, Low, and Closing prices for each period)
Using this script in a new pane below will radically solve slip problems. Stop-Loss values do not slip definitely.The values are selected from the alignment.
NOTE : Some structures (Market Adaptive Stop-Loss) and design in this script are inspired by everget's Chandelier Exit script :
I'm very interested in your scripts, Noldo. Would it be possible for me to access the free trial period? I'll provide you with feedback on my experience. Thank you.
jackmahon2018
⋅
Hi Noldo Very interested in your scripts. Can i please have access to your free trial period? Will let you know how i go with it. Thanks.
Noldo
⋅
@jackmahon2018, Thanks for your interest , access granted .
nlmoser
⋅
hey thanks for posting! can i please have access to this script?