Plot trailing stop

[Benjaminsabe]

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.SetPaintingStrategy(PaintingStrategy.POINTS);
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?

 

[MerryDay]

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.