fxcodebase-backup
Trailing Stop level indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=68280
Forum: 48 · Topic 68280 · 1 post(s)
Trailing Stop level indicator
Alexander.Gettinger · Sat Mar 30, 2019 4:38 pm
The indicator can be used to calculate the stop levels for trading.
Formulas: TSL[i] = Max(TSL[i-1], Close[i]-loss), if Close[i]>TSL[i-1] and Close[i-1]>TSL[i-1], TSL[i] = Min(TSL[i-1], Close[i]+loss), if Close[i]<TSL[i-1] and Close[i-1]<TSL[i-1], TSL[i] = Close[i]-loss, if Close[i]>TSL[i-1], TSL[i] = Close[i]+loss, if Close[i]<TSL[i-1], where loss = Close[i]*Percent/100.
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