Trend Stop Indicator detects trend change for the selected time period.
Additional function – displays the optimal stop levels.
Set stops below the Trend Stop at bullish trend and above the line – at bear.
Trend Stop displays the maximum / minimum during the last N periods.
Depending on the current trend, it may be a maximum value during the last N periods for bearish trend or minimum value during the last N periods for a bullish trend.
Changing the trend is considered to be detected when crossing the closing price Trend Stop line.
This is a good time to enter the market. The direction is determined by the type of intersection.
Buy when the price crosses the Trend Stop line upwards. Sell when the price crosses the Trend Stop line downwards.
- Length – the number of periods for calculation Trend Stop.
- Type (0 or 1), – select one of two available trend change detection algorithms (Trend Stop trend trigger mode algorithms).
Algorithms to detect the change of the trend:
- Close (0). If the bearish trend, if the closing price crosses Trend Stop line upwards, it is expected a change of trend. When the bull market, if the closing price crosses Trend Stop line from top to bottom, it is expected a change of trend.
- High / Low (1). If the bearish trend, if the maximum price (high) Trend Stop crosses the line from the bottom up, it is expected a change of trend. When the bull market if the minimum price (low) Trend Stop crosses the line from top to bottom, is expected to change the trend.
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