Trailing Stop Loss Levels Forex Analysis Signals
Developed 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 based on 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 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 Forex Trailing SL Order Example is volatility based when it comes to trailing and following the forex price action. Trailing Stop Loss Levels Indicator will trail the above the forex price in a downwards forex market trend & trail below the forex price in an upward market trend.
Trailing Stop Loss Example Indicator Signals
Trailing Stop Loss Levels will be calculated using volatility to calculate where to draw the indicator - this Forex Trailing Stop Loss Levels Indicator is then used to determine what levels to set forex stop loss orders.
Upward Trend - Trailing Stop Loss Signals
In an upward trend these trailing stoploss order lines will follow the up-wards trend below the forex 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 is not very tight. As the forex price goes higher trailing stoploss order line also goes higher. An exit forex signal is generated when price crosses below these trailing stop loss order lines.
Trailing Stop Loss Example Indicator on Upward Trend
Downwards Forex Trend - Trailing Stop Loss Example Indicator
In a downwards forex trend the trailing stop loss order lines will trail above the forex price & these two trailing stop loss order zones can be used to set trailing stop loss orders. As the forex price drops further these trailing stop loss order lines will continue to drop lower & follow the forex price lower. An exit forex signal is generated when price crosses above the these trailing stop loss order lines.
Trailing Stop Loss Example Indicator on Downwards Trend
When forex 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 forex trade will be closed by trailing stop loss order lines calculated by the - Trailing Stop Loss Example Indicator.
Trailing Stop Loss Example Indicator - Trailing SL Order Example - Trailing Stop Loss Order Meta Trader 4 Indicator
