fxcodebase-backup
Trailing Stop level indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=59632
Forum: 38 · Topic 59632 · 1 post(s)
Trailing Stop level indicator
Alexander.Gettinger · Wed Oct 09, 2013 11:31 am
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.
Download: