Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Stop Loss Indicator for Amibroker (AFL)
kaiji
over 13 years ago
Amibroker (AFL)

Rating:
2 / 5 (Votes 3)
Tags:
amibroker, stop loss

Includes 3 different stop losses in the one indicator: Fixed, Chandelier and Modified ATR. To use it you just need to change the starting date to when you entered your trade and the stop loss will be plotted.

Source: Here

Screenshots

Similar Indicators / Formulas

NRTR WATR
Submitted by allexiss over 12 years ago
DODA BAND BUY SELL
Submitted by saas almost 11 years ago
JMA Stoploss
Submitted by kuzukapama almost 13 years ago
TSL & HL & New
Submitted by morgen almost 12 years ago
Stop Loss Indicator
Submitted by nabcha about 14 years ago
ABKP Benchmark Bar
Submitted by amitabh almost 14 years ago

Indicator / Formula

Copy & Paste Friendly
Version( 5.20 ); // requires v5.20
SetBarsRequired( sbrAll );

// get start date
Start = Cross( DateNum(), ParamDate( "Start date", "2005-10-30" ) );
Started = Flip( Start, 0 );

StopMode = ParamList( "Stop Mode", "Fixed|Chandelier|Modified ATR" );
StopLevel = Param( "Fixed perc %", 14, 0.1, 50, 0.1 ) / 100;
StopATRFactor = Param( "ATR multiple", 4, 0.5, 10, 0.1 );
StopATRPeriod = Param( "ATR period", 14, 3, 50 );

// calculate support and resistance levels
if ( StopMode == "Fixed" ) // fixed percent trailing stop
{
    sup = C * ( 1 - stoplevel );
    res = C * ( 1 + stoplevel );
}
else
{ 
	// Chandelier ATR-based stop
    if ( StopMode == "Chandelier" )
    {
        sup = C - StopATRFactor * ATR( StopATRPeriod );
        res = C + StopATRFactor * ATR( StopATRPeriod );
    }
    else
    {
        HL = H - L;
        MAHL = 1.5 * MA( HL, StopATRPeriod );
        HiLo = IIf( HL < MAHL, HL, MAHL );
        H1 = Ref( H, -1 );
        L1 = Ref( L, -1 );
        C1 = Ref( C, -1 );
        Href = IIf( L <= H1, H - C1, ( H - C1 ) - ( L - H1 ) / 2 );
        Lref = IIf( H >= L1, C1 - L, ( C1 - L ) - ( L1 - H ) / 2 );

        diff1 = Max( HiLo, HRef );
        diff2 = Max( diff1, LRef );

        ATRmod = Wilders( diff2, StopATRPeriod );

        sup = C - StopATRFactor * ATRmod ;
        res = C + StopATRFactor * ATRmod ;
    }
}

// calculate trailing stop line
trailARRAY = Null;

trailstop = 0;

for ( i = 1; i < BarCount; i++ )
{
    if ( Started[ i ] == 0 )
        continue;

    if ( C[ i ] > trailstop AND C[ i - 1 ] > trailstop )
        trailstop = Max( trailstop, sup[ i ] );
    else
        if ( C[ i ] < trailstop AND C[ i - 1 ] < trailstop )
            trailstop = Min( trailstop, res[ i ] );
        else
            trailstop = IIf( C[ i ] > trailstop, sup[ i ], res[ i ] );

    trailARRAY[ i ] = trailstop;
}

// generate buy/sell signals based on crossover with trail stop line
Buy = Start OR Cross( C, trailArray );
Sell = Cross( trailArray, C );

PlotShapes( Buy*shapeUpArrow, colorGreen, 0, trailarray );
PlotShapes( Sell*shapeDownArrow, colorRed, 0, trailarray );

Plot( Close, "Price", colorBlack, styleBar );
//SetBarFillColor( colorYellow );
Plot( trailARRAY, "trailing stop level", colorRed, styleLine );

5 comments

1. amruta

Hi Admin,

I am only getting proce bars – no stop loss line even after changing the date.

Plaese advise.

Thanks
Amruta

2. administrator

Hello did you change the parameters to the correct starting date and picked a trailing stop loss like chandelier?

3. worldastro

screenshot and afl is diffrant

4. administrator

Hello worldastro, that screen-shot was made using this formula. You need to adjust the parameters that’s all.

5. naren

dear sir how can i convert this formula in gci or broker trader ,plz help me

Leave Comment

Please login here to leave a comment.

Back