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strategy.risk.max_intraday_loss() - Pine Script Function

`strategy.risk.max_intraday_loss()`

Overview

The maximum loss value allowed during a day. It is specified either in money (base currency), or in percentage of maximum intraday equity (0 -100).

Syntax

strategy.risk.max_intraday_loss(value, type, alert_message) → void

Parameters

Name	Type	Description
value	simple int/float	A required parameter. The maximum loss value. It is specified either in money (base currency)
or	—	in percentage of maximum intraday equity. For % of equity the range of allowed values is from 0 to 100.

Examples

Example 1

// Sets the maximum intraday loss using the strategy's cash value.//@version=6
strategy("strategy.risk.max_intraday_loss Example 2", overlay = false)// Input
for maximum intraday loss in absolute cash value of the symbol.absCashLoss =
input.float(5)// Set maximum intraday loss to `absCashLoss` in account currency.strategy.risk.max_intraday_loss(absCashLoss, strategy.cash)// Enter Short at bar_index zero.
if bar_index == 0
strategy.entry("Short", strategy.short)// Store the open price value from the beginning of the day.beginPrice = ta.valuewhen(ta.change(dayofweek) > 0, open, 0)// Calculate the absolute price change
for the current period.priceChg = (close - beginPrice)
hline(absCashLoss)
plot(priceChg)

See Also