OPEN-SOURCE SCRIPT
Updated Crash Prevention OpenSource by exp3rts
Open Source Version - no updates!
Crash Prevention OpenSource by exp3rts – Automated Exit Strategy for TradingView
This indicator allows you to automatically close positions based on dynamic price levels derived from the previous candle with a configurable offset. Perfect for risk management and automated “hard stop” exits.
Key Features:
How it works:
For Long exits, the line is drawn below the previous bar’s low minus the offset.
For Short exits, the line is drawn above the previous bar’s high plus the offset.
When price crosses the line, the position is closed, an arrow is plotted on the chart, and an alert is fired.
Ideal for traders who want strict stop management or automated exit conditions while keeping visual clarity on the chart.
Crash Prevention OpenSource by exp3rts – Automated Exit Strategy for TradingView
This indicator allows you to automatically close positions based on dynamic price levels derived from the previous candle with a configurable offset. Perfect for risk management and automated “hard stop” exits.
Key Features:
- Flexible Exit Directions: Choose to trigger exits for Long, Short, or Both directions.
- Dynamic Exit Levels: Lines are automatically calculated above/below the previous candle plus/minus a user-defined offset in points.
- Visual Cues: Clear arrows indicate the exact bar where price touched the exit line.
- Session-Independent: Works on any chart and timeframe without manual adjustments.
- Webhook Alerts: Sends JSON alerts on touch, enabling integration with external systems or bots.
- Auto-Close Logic: Ensures positions are closed immediately when the threshold is breached, keeping trades in check.
How it works:
For Long exits, the line is drawn below the previous bar’s low minus the offset.
For Short exits, the line is drawn above the previous bar’s high plus the offset.
When price crosses the line, the position is closed, an arrow is plotted on the chart, and an alert is fired.
Ideal for traders who want strict stop management or automated exit conditions while keeping visual clarity on the chart.
Release Notes
- clean-upOpen-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.