Trailing StopLoss Gold Order Levels Technical Analysis and Trailing StopLoss Gold Order Levels Signals

Created by Tushar Chandes.

This is a volatility based indicator which is used to estimate levels to set stop loss levels. The distance at which it estimates the trailing stop level is decided based on market volatility.

The Trailing StopLoss Order Calculator Indicator Levels are two lines, these two lines represent:

• Long Trailing StopLoss Order Calculation Indicator Level - Blue Line
• Short Trailing StopLoss Order Calculator Indicator Level - Red Line

The long trailing stop loss level line has a much wider range than in terms of where it trails the stoploss as compared to the short trailing stop loss level which implements tight stop loss.

This Trailing Stop Calculator Indicator is volatility based when it comes to trailing and following the price action. Trailing StopLoss Order Levels Indicator will trail the above the price in a downwards market trend & trail below the price in an upward trend.

Trailing StopLoss Order Calculator Indicator Signals

Trailing StopLoss Order Levels will be calculated using volatility to calculate where to draw the indicator - this Trailing StopLoss Levels Indicator is then used to determine what levels to set stop loss orders.

Trailing StopLoss Order Calculator Indicator Signals

In an upward trend these trailing stop loss levels will follow the upward trend below the price. The trader can use either the short stop level line to set up a tight stop loss order or the long stop loss level to set a stop loss order that isn't very tight. As the price goes higher the trailing stop loss level also goes higher. An exit signal gets generated when price crosses below these trailing stop loss levels.

Trailing StopLoss Order Calculator Indicator on Upwards Trend

Trailing StopLoss Gold Order Calculator Indicator Signals

In a downwards trend the trailing stop loss levels will trail above the price and these two levels can be used to set trailing stop loss orders. As the price drops further these trailing stop loss levels will continue to drop lower & follow the price lower. An exit signal gets generated when price crosses above these trailing stop loss levels.

Trailing StopLoss Order Calculator Indicator on Downward Trend

When price starts to retrace these trailing stop loss levels will not retrace but will remain at their levels, this will mean at some point the open trade will be closed by trailing stop loss levels calculated by the - Trailing StopLoss Order Calculator Indicator.

Trailing StopLoss Order Calculator Indicator - Trailing Stop Calculation Indicator - Trailing StopLoss Order MetaTrader 4 Technical Indicator