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    Lux Smart Trail Replica

    Uploaded by

    toengsaya
    The document defines inputs and functions for calculating a trailing stop based on average true range (ATR) for a modified or unmodified trail type. It then applies trade logic to determine trend direction and calculate entry, exit and trailing stop prices. Finally, it plots the trailing stop and adds Fibonacci retracement levels.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    Lux Smart Trail Replica

    Uploaded by

    toengsaya
    97 views2 pages
    The document defines inputs and functions for calculating a trailing stop based on average true range (ATR) for a modified or unmodified trail type. It then applies trade logic to determine trend direction and calculate entry, exit and trailing stop prices. Finally, it plots the trailing stop and adds Fibonacci retracement levels.

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    © © All Rights Reserved

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    The document defines inputs and functions for calculating a trailing stop based on average true range (ATR) for a modified or unmodified trail type. It then applies trade logic to determine trend direction and calculate entry, exit and trailing stop prices. Finally, it plots the trailing stop and adds Fibonacci retracement levels.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    97 views2 pages

    Lux Smart Trail Replica

    Uploaded by

    toengsaya
    The document defines inputs and functions for calculating a trailing stop based on average true range (ATR) for a modified or unmodified trail type. It then applies trade logic to determine trend direction and calculate entry, exit and trailing stop prices. Finally, it plots the trailing stop and adds Fibonacci retracement levels.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 2

    //@version=4

    study("Smart Trail", overlay = true, resolution = "")

    // inputs //
    //{
    trailType = input("modified", "Trailtype", options = ["modified",
    "unmodified"])
    ATRPeriod = input(10, "ATR Period")
    ATRFactor = input(4, "ATR Factor")
    smoothing = input(8, 'Smoothing')

    norm_o = security(tickerid(syminfo.prefix,syminfo.ticker), timeframe.period, open)


    norm_h = security(tickerid(syminfo.prefix,syminfo.ticker), timeframe.period, high)
    norm_l = security(tickerid(syminfo.prefix,syminfo.ticker), timeframe.period, low)
    norm_c = security(tickerid(syminfo.prefix,syminfo.ticker), timeframe.period, close)
    //}

    //////// FUNCTIONS //////////////


    //{
    // Wilders ma //
    Wild_ma(_src, _malength) =>
    _wild = 0.0
    _wild := nz(_wild[1]) + (_src - nz(_wild[1])) / _malength

    /////////// TRUE RANGE CALCULATIONS /////////////////


    HiLo = min(norm_h - norm_l, 1.5 * nz(sma((norm_h - norm_l), ATRPeriod)))

    HRef = norm_l<= norm_h[1] ?


    norm_h - norm_c[1] :
    (norm_h - norm_c[1]) - 0.5 * (norm_l- norm_h[1])

    LRef = norm_h >= norm_l[1] ?


    norm_c[1] - norm_l:
    (norm_c[1] - norm_l) - 0.5 * (norm_l[1] - norm_h)

    trueRange =
    trailType == "modified" ? max(HiLo, HRef, LRef) :
    max(norm_h - norm_l, abs(norm_h - norm_c[1]), abs(norm_l - norm_c[1]))
    //}

    /////////// TRADE LOGIC ////////////////////////


    //{
    loss = ATRFactor * Wild_ma(trueRange, ATRPeriod)

    Up = norm_c - loss
    Dn = norm_c + loss

    TrendUp = Up
    TrendDown = Dn
    Trend = 1

    TrendUp := norm_c[1] > TrendUp[1] ? max(Up, TrendUp[1]) : Up


    TrendDown := norm_c[1] < TrendDown[1] ? min(Dn, TrendDown[1]) : Dn

    Trend := norm_c > TrendDown[1] ? 1 : norm_c < TrendUp[1]? -1 : nz(Trend[1],1)


    trail = Trend == 1? TrendUp : TrendDown

    ex = 0.0
    ex :=
    crossover(Trend, 0) ? norm_h :
    crossunder(Trend, 0) ? norm_l :
    Trend == 1 ? max(ex[1], norm_h) :
    Trend == -1 ? min(ex[1], norm_l) : ex[1]
    //}

    // //////// PLOT TP and SL /////////////


    //{
    line1 = plot(sma(trail, smoothing), "Trailingstop", style = plot.style_line, color
    = Trend == 1 ? color.new(#2157f9, 0) : Trend == -1 ? color.new(#ff1100, 0) : na)
    //}

    ////// FIBONACCI LEVELS ///////////


    //{
    state = Trend == 1 ? "long" : "short"

    fib1Level = 61.8
    fib2Level = 78.6
    fib3Level = 88.6

    f1 = ex + (trail - ex) * fib1Level / 100


    f2 = ex + (trail - ex) * fib2Level / 100
    f3 = ex + (trail - ex) * fib3Level / 100
    l100 = trail + 0

    Fib2 = plot(sma(f2, smoothing), "Fib 2", style = plot.style_line, transp = 100)

    fill(line1, Fib2, color = state == "long"? color.new(#2157f9, 80) : state ==


    "short"? color.new(#ff1100, 80) : na)

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