OPEN-SOURCE SCRIPT
Progressive Profit Taking with Trailing Stop
Updated
This is version 2 of 
Special features:
To incorporate into your algo, turn the plotshape functions into alertcondition.
Special features:
- Added partial profit taking as price rises. Profit taking is triggered by price crossing an EMA.
- After profit taking, price has to rise by a user-specified percent before taking profits again.
- Also includes condition for fully closing position after meeting specified profit target.
To incorporate into your algo, turn the plotshape functions into alertcondition.
Release Notes
Fixed line 39Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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