Support and Resistance Trailing Stop
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NOTE: This trailing stop along with 5
others have been incorporated into the
Ultimate Trailing Stop indicator. |
Description
- This is an trailing stop loss indicator that will plot on a chart based on Support and Resistance levels, calculated intraday from Daily Pivot points.
- 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: Show Arrows? (default TRUE)
- Use Alert Sound (default = Alert4.wav)
- Use Alerts? (default = TRUE)
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