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Structure Trailing Stop Loss
Stop losing profits to arbitrary trailing stops. This tool trails your stop loss based on actual market structure—swing lows in uptrends, swing highs in downtrends. Let the market tell you where to place your stop.
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What's Included
Structure-based trailing stop
Follows swing highs/lows
Customizable buffer/offset
Visual stop level display
Works with any strategy
Alert on stop level changes
Source Code Preview
Get the full PineScript v6 source code—use it as a foundation and build on top of it with HorizonAI.
1//@version=6
2indicator("Structure Trailing Stop Loss", overlay=true)
3// ─────────────────────────────────────
4// Structure Trailing Stop Loss - Full Source Code
5// ─────────────────────────────────────
6
7// Input Settings
8pivotLen = input.int(5, "Pivot Length")
9showLabels = input.bool(true, "Show Labels")
10
11// Core Logic
12pivotHigh = ta.pivothigh(high, pivotLen, pivotLen)
13pivotLow = ta.pivotlow(low, pivotLen, pivotLen)
14
15// Structure Detection
16var float lastHigh = na
17var float lastLow = na
18
19if not na(pivotHigh)
20 lastHigh := pivotHigh
21 // ... more logic
22
23// Break of Structure
24bosUp = close > lastHigh
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