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Trend Stop

Trend Stop indicator detects changes in a trend for a selected time period.

Its secondary objective is suggesting optimal stop levels.

Place all your stop orders below Trend Stop line for uptrend and above Trend Stop line for downtrend.

Trend Stop shows the highest/lowest value of the last N periods.


Calculation

Depending on the current trend direction, this will be the highest high of last N periods for downtrend or the lowest low of the last N periods for uptrend.

Trend change is considered detected, if the closing price crosses Trend Stop line.

At this time, it is recommended to open positions as suggested by price/Trend Stop crossover.

Buy if the price crosses Trend Stop line upwards. Sell if the price crosses Trend Stop line downwards.


Parameters

  • Length - number of periods used to calculate Trend Stop.
  • Type (0 or 1) - select one of the two available Trend Stop trend trigger mode algorithms.

Trigger Mode algorithms:

  • Close (0). In case of a downtrend, if the closing price crosses Trend Stop line upwards, a trend change is to occur. In case of an uptrend, if the closing price crosses Trend Stop line downwards, a trend change is to occur.
  • High/Low (1). In case of a downtrend, if the high price crosses Trend Stop line upwards, a trend change is to occur. In case of an uptrend, if the low price crosses Trend Stop line downwards, a trend change is to occur.
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