Calibrator

Developed by Pshai himself, the Calibrator provides a "dynamic stop-loss" in itself, which provides sell signals when ever close price has crossed below it (but not when the MA1 crosses below MA2!). The indicator initializes two fully customizable Moving Averages to provide buy signals for the entry. When ever buy signal is generated, the "dynamic stop-loss" and re-adjustment levels are reset according to that situation. If the price cuts through the re-adjustment level, both the "dynamic stop-loss" and re-adjustment levels will be recalculated based on the close price that cut through. This script is ideal for strong trends and can be adjusted to work in virtually any market conditions.

Parameters

MA1 Length

Length of the Moving Average.

MA1 Type

The type of the Moving Average.

Valid types: Sma, Ema, Dema, Tema, Trima, T3, Mama, Kama, Wma

MA2 Length

Length of the Moving Average.

MA2 Type

The type of the Moving Average.

Valid types: Sma, Ema, Dema, Tema, Trima, T3, Mama, Kama, Wma

Profit Margin

Re-adjustment level. Default is "0.04" which will be translated to "4%". If you want this to be at 15%, set the value to "0.15".

Loss Margin

Stop-loss level. Default is "0.02" which will be translated to "2%". If you want this to be at 15%, set the value to "0.15".