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Candle High Low Exit

5
The Candle High Low Exit indicator uses the highest high and the lowest low of a range to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction.  Moreover, the trailing stop lines are generated to support the order’s trend direction (long or short): 
  • In an upward trend, the long trailing stop line (orange line under buy) appears and advances upward until the close crosses under the line. 
  • In a downward trend, the short trailing stop line (magenta over sell) appears and declines until the close crosses over the line. 
The Candle High Low Exit is one of 14 indicator-based trailing stops comprising our Universal Trailing Stop EA. You don't need to download this indicator to make it work in the UTS EA, as the indicator is already built into it, but if you want to see how your trailing stops auto-adjust to the indicator lines on the chart of UTS-EA when you set Apply indicator template=true, you need to download this indicator. 


Parameters

  • Candles (3) — The number of candles for the calculation
  • Show Channel (true/false) — if false (default), it shows the orange line under buy in upward trend, magenta line over sell in downward trend; if true, it shows a channel on both sides of the price. 

Avis 3
Ingwer
76
Ingwer 2022.01.26 22:07 
 

useful and powerful, thanks for sharing

Febe
77
Febe 2021.01.20 16:08 
 

Five Stars

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Filtrer:
Ingwer
76
Ingwer 2022.01.26 22:07 
 

useful and powerful, thanks for sharing

merky16
179
merky16 2021.04.11 18:32 
 

MUY BUENO

Febe
77
Febe 2021.01.20 16:08 
 

Five Stars

Répondre à l'avis
Version 1.7 2023.04.12
- added multi-time frame functionality
- added the possibility of changing line colors
Version 1.6 2020.12.18
- added variable Show Channel for channel trading. If Show Channel=true, you can see Candle High Low Exit lines plotted above and below price, not just in direction of trend.
Version 1.5 2020.11.04
- minor fix
Version 1.4 2020.11.01
- minor fix
Version 1.3 2020.10.22
- minor change
Version 1.2 2020.10.16
- fixed bug