Plotting Strategy.setStop Fills ?

[willr]

Does anyone have a simple way to plot a fill specific to a Strategy.setStop ?

I need to plot it on a reversal system, so I need to flag it seperatly from my normal exits types (doSell, doLong,doCover.doShort).

When my stop is filled, I want to drawShape and set some other flags to wait for the next reversal signal and re-enter the reversal strategy.

I'm not sure what to "listen" for to hear that a setStop was filled other than assuming the price was hit hence the setStop executed -- is that the easiest/cleanest way?

-willr

[eSignal_JasonK]

Hello Willr,

What I usually do in this case instead of using setStop() is use a global variable (vStop) to keep track of the stop price and check the close against vStop and call doSell() or doCover() when the conditions are meet. This will allow you to use drawShapeRelative() at the specific stop price and/or return your stop level to your chart visually. The BarCntr thing is just used to create unique tag names for the shapes so they will all be displayed on your chart.

var vStop = null;
var BarCntr = 0;

function main() {
    if (getBarState() == BARSTATE_NEWBAR) BarCntr += 1;

    // after entering a position set vStop = desired stop price
    
    if (close() <= vStop && Strategy.isLong() == true) {
        Strategy.doSell("Sell Stop", Strategy.STOP, Strategy.THISBAR, Strategy.DEFAULT, vStop)
        drawShapeRelative(0, vStop, Shape.CIRCLE, null, Color.red, Shape.ONTOP, "sell tag name"+BarCntr);
    }
    if (close() >= vStop && Strategy.isShort() == true) {
        Strategy.doCover("Buy Stop", Strategy.STOP, Strategy.THISBAR, Strategy.DEFAULT, vStop)
        drawShapeRelative(0, vStop, Shape.CIRCLE, null, Color.green, Shape.ONTOP, "cover tag name"+BarCntr);
    }
}