Bollinger Band Trailing Stop
NOTE: This trailing stop along with
7
others have been incorporated into the
Profit
Manager (automated trailing stops) indicator.
Description -
Click here to view the full size chart
- Trailing stop loss indicator places plots on a chart based on the upper or lower bands of the Bollinger indicator.
- When price breaks the stop loss line, an arrow indicating a direction change is plotted and the color of the indicator changes to Blue for LONG and Red for SHORT trades.
Key Features
- Parameters are: Includes option for aubible alert when price breaks the stop loss line
- Direction CHange Arrows (default TRUE)
- Use Close Price else use High/Low (TRUE) - When set to false, the indicator use the bar's LOW for Long trades, and HIGH for short trades.
