Plot trailing stop


New member
Hey. I want to have a plot line that indicates where the trailing stop is going in relation to the price. I have as a reference the ATRTRAILINGSTOP study. Here's a picture of how it looks.


The problem is this plot is related to ATR values, not simple values like % or price differences like a simple trailing stop

I tried mixing it up with the TrailingStopLX, here's what I did

plot Data = close;

input trailStop = 1.0;
input offsetType = {default percent, value, tick};

def entryPrice = EntryPrice();
def price = if IsNaN(entryPrice[1]) then entryPrice else if !IsNaN(entryPrice) then Max(high, price[1]) else entryPrice;

def mult;
switch (offsetType) {
case percent:
    mult = price / 100;
case value:
    mult = 1;
case tick:
    mult = TickSize();

def trailStopPrice = price - trailStop * mult;

AddOrder(OrderType.SELL_TO_CLOSE, low <= trailStopPrice, tickcolor = GetColor(0), arrowcolor = GetColor(0));

plot TrailingStop = trailStopPrice;

TrailingStop.DefineColor("Buy", GetColor(0));
TrailingStop.DefineColor("Sell", GetColor(1));

But no plot appears in the chart. Does anyone have any idea what I can do?
no plot appears in the chart. Does anyone have any idea what I can do?
It is a bit of a mess of a code.

1. If you have it under the study tab, you need to put a hashtag # in front of the Addorder statement:
#AddOrder(OrderType.SELL_TO_CLOSE, low <= trailStopPrice, tickcolor = GetColor(0), arrowcolor = GetColor(0));
AddOrder statements can only appear in scripts saved under the strategies tab

2. If you have it under the strategies tab, the Addorder statement is still inappropriate. You can't sell a position if you haven't bought anything.

Once you comment out the AddOrder statement the study will plot. But it won't plot with your buy / sell colors because you didn't define any buy/sell conditions.

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
355 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.