OPEN-SOURCE SCRIPT
Updated Dynamic SL - 160 Ticks NQ1 (Up and Down)
Dynamic SL - 160 Ticks NQ1 (Up and Down)
The Dynamic SL - 160 Ticks NQ1 Up and Down indicator creates two dynamic lines that follow the price at a distance of 1 pip above and below the closing price. This feature can be particularly useful for traders who want to visualize small stop-loss (SL) levels or track price movement in a highly responsive manner.
Unlike traditional stop-loss indicators, this script ensures that the lines only last for 5 seconds and 1 minute, keeping the chart clean and focusing only on the most relevant price movement.
Key Features
✔ Dynamic Stop-Loss Visualization:
✔ Ideal for High-Frequency Traders & Scalpers:
✔ Futures → Uses the minimum tick size.
The script draws a green line above the price (+160 Ticks).
A red line below the price (-160 Ticks) is also drawn.
✔ Auto-Clearing for a Clean Chart:
Designed for 1-minute (M1) or lower timeframes where traders need to monitor price action closely.
Helps visualize ultra-tight stop-loss levels in scalping strategies.
The Dynamic SL - 160 Ticks NQ1 Up and Down indicator creates two dynamic lines that follow the price at a distance of 1 pip above and below the closing price. This feature can be particularly useful for traders who want to visualize small stop-loss (SL) levels or track price movement in a highly responsive manner.
Unlike traditional stop-loss indicators, this script ensures that the lines only last for 5 seconds and 1 minute, keeping the chart clean and focusing only on the most relevant price movement.
Key Features
✔ Dynamic Stop-Loss Visualization:
✔ Ideal for High-Frequency Traders & Scalpers:
✔ Futures → Uses the minimum tick size.
The script draws a green line above the price (+160 Ticks).
A red line below the price (-160 Ticks) is also drawn.
✔ Auto-Clearing for a Clean Chart:
Designed for 1-minute (M1) or lower timeframes where traders need to monitor price action closely.
Helps visualize ultra-tight stop-loss levels in scalping strategies.
Release Notes
Dynamic SL - 160 Ticks NQ1 (Up and Down)The Dynamic SL - 160 Ticks NQ1 Up and Down indicator creates two dynamic lines that follow the price at a distance of 1 pip above and below the closing price. This feature can be particularly useful for traders who want to visualize small stop-loss (SL) levels or track price movement in a highly responsive manner.
Unlike traditional stop-loss indicators, this script ensures that the lines only last for 5 seconds and 1 minute, keeping the chart clean and focusing only on the most relevant price movement.
Key Features
✔ Dynamic Stop-Loss Visualization:
✔ Ideal for High-Frequency Traders & Scalpers:
✔ Futures → Uses the minimum tick size.
The script draws a green line above the price (+160 Ticks).
A red line below the price (-160 Ticks) is also drawn.
✔ Auto-Clearing for a Clean Chart:
Designed for 1-minute (M1) or lower timeframes where traders need to monitor price action closely.
Helps visualize ultra-tight stop-loss levels in scalping strategies.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.