It tries to solve the problem of stop loss indicators' default BUY or SELL settings and non adjustable stop levels of % and difference change in price levels.
(Will try to make updates to add user defined start bars.)
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 a publication is governed by House Rules. You can favorite it to use it on a chart.