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
- 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- Pinescript using unpublished library of my own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
- How to access the previous tick’s value when calc_on_every_tick=true in Pine Script?
- How can I combine two indicators into one with Bollinger Band and RSI?
- How do I highlight the most recent signal in PineScript for TradingView?
- How to persist real-time buy/sell volume data in Pine Script after a set period?
- Hour in data different than chart on NQ
- draw rectangle pine script
- Pine Script strategy.exit not working as intended
- How can I draw a line of a specific candle in a specific time of a specific character?
- Pine Script - bgcolor() one day into the future
- How do I create a session that runs from friday till sunday the following week?
- sending Strategy data using Webhooks for Pinescript 4.0
- How to use the active time frame as a variable in a condition?
- Pinescript enter on specific days open