BEST ATR Stop Multiple Strategy

Hello traders

Here we go again.... with another strategy snippet.
Reminder: it's an alternative of this Trailing Stop strategy script

Entry logic

The entry is based on a Simple Moving Averages ( SMA ) cross.
This part doesn't matter here - as I wanted to focus on the ATR multiple stop loss component.


This strategy snippet uses an entry stop loss defined based on a multiple of the average true range value.
The soure code detects ATR value at entry price, applies the multiplier and will set a static (= non trailing) stop-loss to each position
A pinescript v4 label will appear for each new signal displaying the ATR*multiplier value at signal time

All the BEST
Favori Komutlardan Çıkart Favori Komutlara Ekle
⏩ Packages/Pricing: https://best-trading-indicator.com/pages/compare-plans

👉 BEST documentation: https://bit.ly/2urOkPO

💬 Discord: https://discord.gg/K6NCTX4

📺 Youtube: https://bit.ly/3bKvnZu

30💲 OFF TradingView ref: https://bit.ly/2SWgYBY


Wow great job on this script! I traded long on BYND with this today and a gain of 2R . $550 =). BYND. One question. What does pyramiding mean? Thank you much for this !!!!!
+2 Cevap Gönder
Daveatt DoubleDeez
@DoubleDeez, pyramiding refers to re-entries on a trend
Example: you go long, then add other longs within a BULLISH trend
+1 Cevap Gönder
DoubleDeez Daveatt
@Daveatt, Thanks Daveatt! I notice this script works great for some stock on some not so well. But still great work!
+2 Cevap Gönder
Daveatt DoubleDeez
@DoubleDeez, Very likely that the inputs have to be changed on a stock basic
+1 Cevap Gönder
Very nice mate, was looking for this for a long time. One question: what is the purpose of line 42?
+2 Cevap Gönder
@CUBYC, And line 69 ---stop_price = 0.0, stop_price := nz(stop_price)---
I do not see any use of line 42 and 69, is your code incomplete or incorrect as stop_price sounds important?
+1 Cevap Gönder
@CUBYC, Lines 11 and 116 again no use...this seems incomplete mate , just want to attention you to improve this as is very useful
+1 Cevap Gönder
Daveatt CUBYC
@CUBYC, correct if it's not used below, it's a mistake
+1 Cevap Gönder
This is amazing!
What a nice Trailing Stop Approach Strategy; appreciated your generosity Daveatt <3
+2 Cevap Gönder
Daveatt ICEKI
@ICEKI, appreciate it. thank you
+1 Cevap Gönder
Ana Sayfa Hisse Senedi Takipçisi Forex Takipçisi Kripto Takipçisi Ekonomik Takvim Nasıl Çalışır Grafik Özellikleri Ücretlendirme Tanıdık yönlendirme Kurallarımız Destek Merkezi Web Sitesi & Aracı Kurum Çözümleri Görsel Bileşenler(Widget) Grafik Çözümleri Hafif Grafik Kitaplığı Blog ve Haberler Twitter
Profil Profil Ayarları Hesap ve Ödemeler Tanıdık yönlendirme Destek Kayıtlarım Destek Merkezi Yayınlanmış Fikirler Takip Edenler Takip ediliyor Özel Mesajlar Sohbet Çıkış