Abbreviation: PriceTargetLimitPnts
Category: Trading Strategy: Exit Signals
Input Parameters:
| Name | Range | Default |
| Trading Strategy | ||
| Target Point Change | Real >= 0 | 5 |
Calculation:
For a long position
Price Target Limit: Percent = EntryPrice + Target Point Change
For a short position
Price Target Limit: Percent = EntryPrice – Target Point Change
Discussion:
Indicates the price level a specified number of points above (long) or below (short) the entry price. Primarily used as a target price level for an exit limit price in a trading strategy.