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Realtime ATR-Based Stop Loss Numerical OverlayRealtime ATR-Based Stop Loss Numerical Overlay A simple, effective tool for dynamic risk management based on ATR (Average True Range) without adding cluttered and distracting lines all over your chart. 📌 Description This script plots a real-time stop loss level using the Average True Range (ATR) on your chart, helping you set consistent, volatility-based stops. It supports both: ✅ Current chart timeframe ✅ Custom fixed timeframe inputs (1m, 5m, 15m, 1h, etc.) The stop level is calculated as: Stop = ATR × Multiplier and updates in real-time. An overlay table displays on the bottom-right of your chart with the calculated stop value in a clean, simple way. ⚙️ Settings ATR Timeframe Source: Choose between using the current chart's timeframe or a fixed one (e.g. 5, 15, 60, D, etc). ATR Length: Period used to calculate the ATR (default is 14). Stop Loss Multiplier: Multiplies the ATR value to define your stop (e.g., 1.5 × ATR). Wait for Timeframe Closes: If enabled, the ATR value waits for the selected timeframe’s candle to close before updating. If unselected, it will update in real time. 🛠️ How to Use Add this script to your chart from your indicators list. Configure your desired timeframe, ATR length, and multiplier in the settings panel. Use the value shown in the table overlay as your suggested stop loss distance from entry. Adjust your position sizing accordingly to fit your risk tolerance. This tool is especially useful for traders looking for adaptive risk management that evolves with market volatility — whether scalping intraday or swing trading. 💡 Pro Tip The ATR stop can also be used to dynamically trail your stop behind price movement.
Pine Script® indicator
by HyprZero
Bewakoof stock indicator**Title**: "Bewakoof Stock Indicator: Multi-Timeframe RSI and SuperTrend Entry-Exit System" --- ### Description The **Bewakoof Stock Indicator** is an original trading tool that combines multi-timeframe RSI analysis with the SuperTrend indicator to create reliable entry and exit signals for trending markets. This indicator is designed for traders looking to follow strong trends with built-in risk management. By filtering entries through short- and long-term momentum and utilizing dynamic trailing exits, this indicator provides a structured approach to trading. #### Indicator Components 1. **Multi-Timeframe RSI Analysis**: - The Relative Strength Index (RSI) is calculated across three timeframes: Daily, Weekly, and Monthly. - By examining multiple timeframes, the indicator confirms that trends align over short, medium, and long-term intervals, making buy signals more reliable. - **Buy Condition**: All three RSI values must meet these thresholds: - **Daily RSI > 50** – indicates short-term upward momentum, - **Weekly RSI > 60** – signals medium-term strength, - **Monthly RSI > 60** – confirms long-term trend alignment. - This filtering process ensures that buy signals are generated only in stable, upward-trending markets. 2. **SuperTrend Confirmation**: - The SuperTrend (20-period ATR with a multiplier of 2) acts as a trend filter and trailing stop mechanism. - For a buy condition to be valid, the closing price must be above the SuperTrend level, verifying that the market is trending up. - The combination of RSI and SuperTrend helps to avoid false signals, focusing only on well-established trends. #### Trade Signals - **Buy Signal**: When both the multi-timeframe RSI and SuperTrend conditions are met, a buy signal is triggered, indicated by a “BUY” label on the chart with details: - **Entry Price**, - **Initial Stop-Loss** (set at the SuperTrend level for risk control), - **Target 1** – calculated with a 1:1 risk-reward ratio based on the initial stop-loss, - **Target 2** – calculated with a 1:2 risk-reward ratio based on the initial stop-loss. - **Exit Signals**: This indicator provides two exit strategies to protect profits: 1. **Fixed Stop-Loss**: Automatically set at the SuperTrend level at the time of entry to limit risk. 2. **Trailing Exit**: Exits are triggered if the price crosses below the SuperTrend level, adapting to potential trend reversals. #### Labeling & Alerts The **Bewakoof Stock Indicator** offers intuitive labeling and alert options: - **Labels**: Buy and exit points are clearly marked, showing entry, stop-loss, and targets directly on the chart. - **Alerts**: Custom alerts can be set for: - **Buy signals** when both conditions are met, and - **Exit signals** triggered by the stop-loss or trailing exit. #### Use Case and Benefits This indicator is ideal for trend-following traders who value risk control and trend confirmation: - **Stronger Trend Signals**: By requiring RSI alignment across multiple timeframes, this indicator focuses only on trades with strong trend momentum. - **Dynamic Risk Management**: Using both fixed and trailing exits enables flexible trade management, balancing risk and potential reward. - **Simple Trade Execution**: The chart labels and alerts simplify trade decisions, making it easy to enter, manage, and exit trades. #### How to Use 1. **Add** the Bewakoof Stock Indicator to your chart. 2. **Watch** for the "BUY" label as your entry point. 3. **Manage the trade** using the labeled stop-loss and target levels. 4. **Exit** on either a stop-loss hit or when the price crosses below the SuperTrend for a trailing exit. The **Bewakoof Stock Indicator** is a complete solution for trend-following traders, combining the strength of multi-timeframe RSI with the SuperTrend’s trend-following capabilities. This systematic approach aims to provide high-confidence entries and effective risk management, empowering traders to follow trends with precision and control.
Pine Script® indicator
by MilanItaliya
Auto Trailing stoploss By InvestYourAsset💥The Auto Trailing Stop-Loss indicator is a technical indicator that uses the ATR (Average True Range) to calculate a trailing stop-loss for both long and short positions. 💥The signals according to the indicator allows traders to exit from the position before its too late! The indicator can be used to determine when to enter and exit trades. 💥To use the indicator, you simply need to set the input parameters to suit your trading style and risk tolerance. The default values for the parameters are: p: The ATR period (14) q: The stop period (20) x: The multiplier used to calculate the initial high and initial low (1.5) Calculations: 📈Calculates the ATR using the specified period you can modify ATR period according to your trading style. 📈Calculates the initial high and low stop levels based on the highest high and lowest low over the user defined ATR period. 📈Calculates short and long stoploss levels using the initial high and low stops. 💥Once you have set the input parameters according to your trading style whether you are a day trader or a swing trader, the indicator will plot the short stoploss, long stoploss, and stoploss hit signals on your chart. 💥You can use the indicator to enter and exit trades in a various ways. For example, 🚀 you could enter a long trade when the price crosses above both red and green lines plotted on the chart. (or when price crosses over both short stoploss and long stoploss.) You could also use the indicator to secure your profits by moving your stop-loss up as the price moves in your favor. Here is an example of how you could use the indicator to enter and exit trades: 🚀Enter a long trade when the price crosses above the red line or short stoploss. ✅keep Moving your stop-loss upward with the long stoploss or green line. ✅Exit the trade when the price crosses below the long stoploss or green line. 💥You can also use the indicator to protect your existing trades. For example, if you are already in a long trade, you could move your stop-loss up to the short stop when the price moves up 10%. This will help you to protect your profits in case the price starts to move against you. 💥💥some additional tips for using the Auto Trailing Stop-Loss indicator: ✅Use the indicator in conjunction with other technical indicators or your own trading strategy to generate entry and exit signals. ✅Backtest your trading strategy before using it live to make sure that it is profitable. ✅Use the indicator to protect your profits by moving your stop-loss up as the price moves in your favor. ✅ Always follow risk management rules and manage your position sizing according to your risk appetite. ✅ Be aware of the overall trend direction. If the trend is up, you should be looking for bullish reversals or continuations. If the trend is down, you should be looking for bearish reversals or continuations. This script essentially provides a visual representation of a trading strategy that automatically adjusts stop-loss levels based on market volatility (ATR). It also includes signals for entering long or short positions and visually highlights these signals on the chart. 📣📣Follow us for timely updates regarding future indicators and give it a like if you appreciate the work.📣📣
Pine Script® indicator
by InvestyourAsset
2
Nik Price CycleEvery script follow a pattern in their price cycle. This can be defined by division of price cycle. Division line will act as pivot point.Above this bar this any price movement is indication of bullish trend while below this line any price movement is indication of bearish trend. This Nik price signal will give great result in combination of magicsignal which is also one of our developed signal. Although we have included various calculation for analysis purpose in this indicator. i suggest to go in setting and uncheck all channel lines and shapes for getting clear picture of trend and entry point. for more details on how to use this indicator people can message us
Pine Script® indicator
by AnkitaRanjan
11
Trade Manager (Open Source Version)Hello my young padawans looking for the FORCE to get richer on your next trade I got pinged at least three times today asking where the hell is the indicator of the day. You asked, I delivered :) Here's your free open-source Trade Manager Version. My associates might kill me for sharing that one... anyway this is a real GIFT. I won't share such quality indicators too often for FREE so hope you'll appreciate its value. It can really help with your day to day trading (on top of making your charts looking more awesome) This is an even better version compared to my previous Trade Manager Trade-Manager . It's basically a standalone version, meaning you'll have to update with 2 lines your own indicator and follow my educational post from yesterday (pasted it below also) to learn how to do it Please read this educational post I published for you before proceeding further : How-to-connect-your-indicator-with-the-Trade-Manager From here you normally connected the data source of your own indicator to the Trade Manager. If not, here's a reminder of the article mentionned above Step 1 - Update your indicator For the screenshot you see above, I used this indicator : Two-MM-Cross-MACD/ . "But sir are you really advertising your other indicators here ??" ... hmmm.... YES but I gave them for free so ... stop complaining my friend :) Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!) So it should look to something similar nUP = ma_crossover and macd_crossover nDN = ma_crossunder and macd_crossunder What you will need to add at the very end of your script is a Signal plot that will be captured by the Trade Manager. This will give us : // Signal plot to be used as external // if crossover, sends 1, otherwise sends -1 Signal = (nUP) ? 1 : (nDN) ? -1 : na plot(Signal, title="Signal") The Trade Manager engines expects to receive 1 for a bullishg signal and -1 for bearish . Step 2 - Add the Trade Manager to your chart and select the right Data Source I feel the questions coming so I prefer to anticipate :) When you add the Trade Manager to your chart, nothing will be displayed. THIS IS NORMAL because you'll have to select the Data Source to be "Signal" Remember our Signal variable from the Two MM Cross from before, now we'll capture it and.....drumb rolll...... that's from that moment that your life became even more AWESOME The Engine will capture the last signal from the MM cross or any indicator actually and will update the Stop Loss, Take Profit levels based on the parameters you set on the Trade Manager It should work with any indicator as long as you're providing a plot Signal with values 1 and -1 . In any case, you can change the Trade Manager you'll find a better logic for your trading Now let's cover the different parameters of the tool It should be straightforward but better to explain everything here +Label lines : if unchecked, no SL/TPs/... will be displayed +Show Stop Loss Signal : Will display the stop loss label. You have the choice between three options : By default, the Stop Loss is set to NONE. You'll have to select a different option to enable the Stop Loss for real ++Percentage : Will set the SL at a percent distance from the price ++Fixed : SL fixed at a static price ++Trailing % : Trailing stop loss based on percentage level The following is a KEY feature and I got asked for it many times those past two days. I got annoyed of getting the same request so I just did it ++Trailing TP: Will move the Stop Loss if the take profit levels are hit Example: if TP1 is hit, SL will be moved to breakeven. If TP2 is hit, SL will be moved from TP1 to TP2 +Take Profit 1,2,3 : Visually define the three Take Profit levels. Those are percentage levels . Meaning if you set TP1 = 2, it will set the TP1 level 2% away from the entry signal Please note that once a Take profit level is reached, it will magically disappear. This is to be expected I'll share in the future a way more complete version with invalidation, stop loss/take profits based on indicator, take profit based on supports/resistances, ... I believe is such a great tool because can be connected to any indicator. I confess that I tried it only with a few... if you find any that's not working with the Trade manager, please let me know and I'll have a look PS I want to give a HUUUUUUUGE shoutout to the PineCoders community who helped me finishing it Wishing you all the best and a pleasant experience with my work David
Pine Script® indicator
by Daveatt
22