Trailing Stop Loss Levels Analysis Signals
Created by Tushar Chande.
This is a volatility based indicator that is used to estimate levels to set trailing stoploss levels. The distance at which it estimates trailing stop loss level is determined by market volatility.
The Trailing Stop Loss Calculator Indicator Levels are two lines, these two lines represent:
- Long Trailing Stop Loss Calculator Indicator Level - Blue Line
- Short Trailing Stop Loss Calculator Indicator Level - Red Line
The long trailing stop loss order line has much wider range in terms of where it trails the stoploss as compared to the short trailing stop loss order line which implements a tight stop loss.
This Trailing Stop Pips Indicator is volatility based when it comes to trailing and following the price action. Trailing Stop Loss Points Indicator will trail the above the price in a downwards market trend & trail below the price in an upward market trend.
Best Trailing Stop Loss Indicator Signals
Trailing Stop Loss Levels will be calculated using volatility to calculate where to draw the indicator - this Trailing Stop Loss Points Indicator is then used to determine what levels to set stop loss orders.
Upward Trend - Trailing Stop Loss Indicator Signals
In an upward trend these trailing stoploss order lines will follow the up-wards trend below the price. The trader can use either the short trailing stoploss level line to set up a tight stop-loss or the long trailing stoploss level to set a stop-loss that isn't very tight. As the price goes higher trailing stoploss order line also goes higher. An exit signal gets generated when the price crosses below these trailing stop loss lines.
Best Trailing Stop Loss Indicator on Upward Trend
Downwards Trend - Trailing Stop Loss Indicator Signals
In a downward trend the trailing stop loss order lines will trail above the price and these two trailing stop loss order zones can be used to set trailing stop loss orders. As the price drops further these trailing stop loss order lines will continue to drop lower & follow the price lower. An exit signal gets generated when the price crosses above the these trailing stop loss lines.
Best Trailing Stop Loss Indicator on Downward Trend
When price starts to retrace these trailing stoploss orders will not retrace but will remain at their trailing stoploss order levels, this will mean at some point the open trade will be closed by trailing stop loss order lines calculated by the - Best Trailing Stop Loss Indicator.
Best Trailing Stop Loss Indicator - Trailing Stop Pips Trading Indicator - Trailing Stop Points Indicator
