Abbreviation: PriceTarget%
Category: Trading Strategy: Exit Signals
Input Parameters:
| Name | Range | Default |
| Trading Strategy | ||
| Target Percent Change | Real >= 0 | 10 |
Calculation:
For a long position
If 100 * (current closing price – entry price) / entry price is greater than or equal to the Target Percent Change then
= True (1)
else
= False (1)
For a short position
If 100 * (entry price – current closing price) / entry price is greater than or equal to the Target Percent Change then
= True (1)
else
= False (1)
Discussion:
Indicates when the price advances a specified amount from the entry price. Very useful as an exit signal for a trading strategy.