Last Updated on June 26, 2025 by Tim Morris
The indicator displays possible StopLoss levels on the price chart. Levels are shown separately for Long and Short positions.
It has two parameters:
- Period – calculation period;
- Coefficient – distance from the price.
Calculation:
- If Close[i] < TS[i-1] and Close[i-1] < TS[i-1]
TS[i] = Min(TS[i-1], Close[i] + loss)
- Если Close[i] > TS[i-1]
TS[i] = Close[i] – loss
- If Close[i] < TS[i-1]
TS[i] = Close[i] + loss
where
loss = Coeff*WMA(Diff, Period), WMA - Wilder Exponential Moving Average, Diff[i] = Max(HiLo, Href, Lref), HiLo[i] = Min(High[i] - Low[i], MVA(High - Low, Period))
- If Low[i]<=High[i-1]
Href[i] = High[i] – Close[i-1]
- If Low[i]>High[i-1]
Href[i] = (High[i] + High[i-1] – Low[i] – Close[i-1])/2
- If High[i]>=Low[i-1]
Lref[i] = Close[i-1] – Low[i]
- If High[i]<Low[i-1]
Lref[i] = (Close[i-1] + High[i] – Low[i-1] – Low[i])/2
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