Trail stop at high of a pullback

[mlarocco]

I am trying to create a trailing stop for a strategy that will place the stop order (for a short position) at the high of a pullback plus 1 tick and the reverse for a long position. I have not been able to figure out how to determine the correct bar in the pullback. I have attached a screen shot showing which bar I am trying to identify.

Thanks

[koganam]

I am trying to create a trailing stop for a strategy that will place the stop order (for a short position) at the high of a pullback plus 1 tick and the reverse for a long position. I have not been able to figure out how to determine the correct bar in the pullback. I have attached a screen shot showing which bar I am trying to identify.

Thanks

Seems you are looking for the Swing indicator that ships with NT? No?

[BigRo]

I did an example for you.

and yes its a bit complex but it was my first idea on how to do it and i just went with it.

If you have questions regarding the code, just ask.

make sure also to use the right declarations when using this (line1)

tho i think i didnt make a mistake, it still is possible, but after all its just supposed to show the way it can be done. you have to do the rest from here.

EDIT: Note that with this version you would only start looking for retracements once you enter a position. so you cant access retracements b4 that point. if you wanna do that you would have to make a few changes, but i think if you understand how the code works, you can easily make your own adjustments

[mlarocco]

Thank you for taking the time to create this! I'll see how I can use it.

[ScorpioTravis]

Thank you for taking the time to create this! I'll see how I can use it.

I'm no expert, but it seems to me that you can code this by accessing

Swing(strength).SwingHigh[0]

or

Swing(strength).SwingLow[0]

in your code by placing exits N ticks above/below those.