Calculate Stoploss Percentage in Pinescript
I know how to get the calculate the stoploss 245.6 but I don't know how to get the percentage 2.08% ... Can someone please help me get the formula for the percentage?
I used the following formula to get the stoploss 245.6 pips
pips = (abs(1.18047 - 1.15591) / syminfo.mintick) / 10
Solution
The percentage formula can be written in different forms, it is essentially an algebraic equation involving three values that you can turn into a function, for example:
//@version=5
indicator("", format = format.percent)
percent(value1, value2) => float(value1)/float(value2) * 100
val1 = 1.15591
val2 = 1.18047
percentChange = 100 - percent(val1, val2)
plot(percentChange) // 2.08
- Issues with lazy evaluation of buying and selling conditions - V6
- How can I set colors on this indicator? SSL
- I am merging the RSI and VWAP codes to create a AI bot. The error is - The 'strategy.exit' function does not have an argument with the name 'when'
- EMA Cross Strategy Does Not Work In Pinescript Version 6
- In pine script the code that ı copy from someone else is give an error but original code has not an error
- Run code at custom duration timeout intervals
- Pinescript only plots a few dates
- Get high from specified date as starting point, not all time
- Pine script callback
- how to check a condition for all candles between two bars in pine script?
- How do I code an exit strategy in TradingView pine that exits pyramiding trades individually?
- Boolean expression evaluation and performance
- Tradingview RSI signal trade execution lag question
- pinescript indicator to show in chart and in a seperate window
- Pine Script: I want to plot bomax value on data window
- Retrieve Last Buy or Sell Signal
- Oscillator, and moving average overlay
- Overlay "true" and "false" at the same time in PineScript
- How can I plot indicator values in data window
- How to get high and low of the previous 'n' days from an intraday timeframe?
- Syntax Confusion Using Square Brackets On A Boolean
- Conditional string concatenation in Pinescript
- Pinescript using unpublished library of my own
- Pass alert from one script to another
- AlertCondition() is not triggering the buy and sell alerts even after handling the state management
- How to enter a trade on next days open, but exit at the same days close
- Pine script draw vertical lines at a certain time
- how to send some data to specific url when an alert triggered in pine script?
- Are there any Pine script alternatives now?
- request.security getting different value when changing timeframe