enter image description hereI'm trying to isolate the info on tradingview so I disabled the "long" inputs. I don't understand why the short inputs aren't functioning. The long side works exactly as I want.
Goal: TP and SL plotted and adhered to for back testing on both long and short positions.
Present Situation: TP and SL function and plot correctly for long positions only.
//@version=5
strategy('Super', overlay=true, format=format.price, precision=2) //timeframe='')
//User Inputs
Periods = input(title='ATR Period', defval=10)
src = input(hl2, title='Source')
Multiplier = input.float(title='ATR Multiplier', step=0.1, defval=3.0)
changeATR = input(title='Change ATR Calculation Method ?', defval=true)
showsignals = input(title='Show Buy/Sell Signals ?', defval=true)
highlighting = input(title='Highlighter On/Off ?', defval=true)
sl_inp = input(2.0, title='Stop Loss %') / 100
tp_inp = input(1.0, title='Take Profit %') / 100
atr2 = ta.sma(ta.tr, Periods)
atr = changeATR ? ta.atr(Periods) : atr2
up = src - Multiplier * atr
up1 = nz(up[1], up)
up := close[1] > up1 ? math.max(up, up1) : up
dn = src + Multiplier * atr
dn1 = nz(dn[1], dn)
dn := close[1] < dn1 ? math.min(dn, dn1) : dn
trend = 1
trend := nz(trend[1], trend)
trend := trend == -1 and close > dn1 ? 1 : trend == 1 and close < up1 ? -1 : trend
upPlot = plot(trend == 1 ? up : na, title='Up Trend', style=plot.style_linebr, linewidth=2, color=color.new(color.green, 0))
buySignal = trend == 1 and trend[1] == -1
plotshape(buySignal ? up : na, title='UpTrend Begins', location=location.absolute, style=shape.circle, size=size.tiny, color=color.new(color.green, 0))
plotshape(buySignal and showsignals ? up : na, title='Buy', text='Buy', location=location.absolute, style=shape.labelup, size=size.tiny, color=color.new(color.green, 0), textcolor=color.new(color.white, 0))
dnPlot = plot(trend == 1 ? na : dn, title='Down Trend', style=plot.style_linebr, linewidth=2, color=color.new(color.red, 0))
sellSignal = trend == -1 and trend[1] == 1
plotshape(sellSignal ? dn : na, title='DownTrend Begins', location=location.absolute, style=shape.circle, size=size.tiny, color=color.new(color.red, 0))
plotshape(sellSignal and showsignals ? dn : na, title='Sell', text='Sell', location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.new(color.red, 0), textcolor=color.new(color.white, 0))
mPlot = plot(ohlc4, title='', style=plot.style_circles, linewidth=0)
longFillColor = highlighting ? trend == 1 ? color.green : color.white : color.white
shortFillColor = highlighting ? trend == -1 ? color.red : color.white : color.white
fill(mPlot, upPlot, title='UpTrend Highligter', color=longFillColor, transp=90)
fill(mPlot, dnPlot, title='DownTrend Highligter', color=shortFillColor, transp=90)
alertcondition(buySignal, title='SuperTrend Buy', message='SuperTrend Buy!')
alertcondition(sellSignal, title='SuperTrend Sell', message='SuperTrend Sell!')
changeCond = trend != trend[1]
alertcondition(changeCond, title='SuperTrend Direction Change', message='SuperTrend has changed direction!')
//long_stop_level = strategy.position_avg_price * (1 - sl_inp)
//long_take_level = strategy.position_avg_price * (1 + tp_inp)
short_stop_level = strategy.position_avg_price * (-1 - sl_inp)
short_take_level = strategy.position_avg_price * (-1 + tp_inp)
//strategy.entry('long', strategy.long, when=buySignal)// or sellSignal)
strategy.entry('short', strategy.short, when=sellSignal)// or sellSignal)
//strategy.exit('exit long', stop=long_stop_level, limit=long_take_level)
strategy.exit('exit short', stop=short_stop_level, limit=short_take_level)
//plot(long_stop_level, color=color.new(color.red, 0), style=plot.style_linebr, linewidth=2)
//plot(long_take_level, color=color.new(color.green, 0), style=plot.style_linebr, linewidth=2)
plot(short_stop_level, color=color.new(color.red, 0), style=plot.style_linebr, linewidth=2)
plot(short_take_level, color=color.new(color.green, 0), style=plot.style_linebr, linewidth=2)
They are working but your math is wrong. Right now, you multiply your average price with a negative value. Therefore, your TP and SL are also negative prices.
Also, before placing an exit order, check whether you are in a position.
Below calculation will give you the correct results:
short_stop_level = strategy.position_avg_price * (1 + sl_inp)
short_take_level = strategy.position_avg_price * (1 - tp_inp)
if (sellSignal)
strategy.entry('short', strategy.short)
if (strategy.position_size < 0)
strategy.exit('exit short', stop=short_stop_level, limit=short_take_level)