// Downloaded From https://www.WiseStockTrader.com _SECTION_BEGIN("Elder safe Zone Long + short"); L1=Ref(L,-1); H1=Ref(H,-1); Pd=Param("Period",10,1,50,1); DnPen=IIf(LH1,H-H1,0); DnPenSum=Sum(DnPen,Pd); UpPenSum=Sum(UpPen,Pd); DnPenCount=Sum(LH1,Pd); AvgDnPen=IIf(DnPenCount>0,DnPenSum/DnPenCount,0.01); AvgUpPen=IIf(UpPenCount>0,UpPenSum/UpPenCount,0.01); AvgDnPenMult=Param("Multiplier",2,1,50,0.1); AvgUpPenMult=Param("Multiplier",2,1,50,0.1); DaysInTrade=Param("Days in trade",1,1,500,1); StopLong=L-(AvgDnPen*AvgDnPenMult); StopShort=H+(AvgUpPen*AvgUpPenMult); SafeZoneStopLong=HHV(StopLong,DaysInTrade); SafeZoneStopShort=LLV(StopShort,DaysInTrade); MilieuCorps = (C+O)/2; Plot( C, "Close", ParamColor("Couleur ", colorBlack ), styleNoTitle | ParamStyle("Style") | styleCandle|styleThick); ShortStop=BeginValue(C); LongStop=BeginValue(C); i=1; for (i=1;i < BarCount; i++) { if (SafeZoneStopShort[i] >= SafeZoneStopShort[i-1] && ShortStop[i-1] <= H[i]) ShortStop[i] = SafeZoneStopShort[i] ; if (SafeZoneStopShort[i] >= SafeZoneStopShort[i-1] && ShortStop[i-1] > H[i]) ShortStop[i] = ShortStop[i-1]; if (SafeZoneStopShort[i] < SafeZoneStopShort[i-1] && ShortStop[i-1] <= H[i]) ShortStop[i] = SafeZoneStopShort[i] ; if (SafeZoneStopShort[i] < SafeZoneStopShort[i-1] && ShortStop[i-1] > H[i]) ShortStop[i] = ShortStop[i-1]; if (IsEmpty(SafeZoneStopShort[i])) ShortStop[i] = SafeZoneStopShort[i] ; if (ShortStop[i] >= SafeZoneStopShort[i]) ShortStop[i] = SafeZoneStopShort[i] ; if (SafeZoneStopLong[i] <= SafeZoneStopLong[i-1] && LongStop[i-1] >= L[i]) LongStop[i] = SafeZoneStopLong[i] ; if (SafeZoneStopLong[i] <= SafeZoneStopLong[i-1] && LongStop[i-1] < L[i]) LongStop[i] = LongStop[i-1]; if (SafeZoneStopLong[i] > SafeZoneStopLong[i-1] && LongStop[i-1] >= L[i]) LongStop[i] = SafeZoneStopLong[i] ; if (SafeZoneStopLong[i] > SafeZoneStopLong[i-1] && LongStop[i-1] < L[i]) LongStop[i] = LongStop[i-1]; if (IsEmpty(SafeZoneStopLong[i])) LongStop[i] = SafeZoneStopLong[i] ; if (LongStop[i] <= SafeZoneStopLong[i]) LongStop[i] = SafeZoneStopLong[i] ; } PlotShapes(IIf(ShortStop>Ref(ShortStop,-1), shapeHollowSmallDownTriangle, shapeNone), colorRed, 0, ShortStop, Offset=-15); PlotShapes(IIf(LongStopRef(ShortStop,-1),colorCustom1,colorBlue),ParamStyle("Style Stop Short",styleLine|styleLine) ); Plot(LongStop,"Stop Long", IIf(LongStop