OPEN-SOURCE SCRIPT

MTA-Traling Stop

Diupdate
Introduction

Based on my previous indicator
Motion To Attraction Channels
, this indicator plot a trailing stop using classic conditions.

Using The Indicator

Like any trailing stop when price is higher than the trailing stop this imply a buy signals, when price is lower than the trailing stop this imply a sell signal. It is possible to use decimals instead of integers for length as shown here :

cuplikan

length = 14.7

The indicator tend to react faster to price movements when a trend has been really long, this methodology is similar to the one used by the parabolic sar.

Downsides

Lack of robustness with the length parameter, the behaviour of the trailing stop can be hard to predict. There is a real need for control.

Conclusion

The indicator can be adaptive, even if it already is in a certain way, by changing the alpha variable at the start considering that 0 < alpha < 1. Its not recommended to use it right now except for testing/coding purpose.

It is clear that i'm not enthusiast when it come to this script, there is a real lack of accuracy, i still hope it can be of use.
Catatan Rilis
Updated to version 3
signalsupertrendtrailingstoptrailingstoplosstrendTrend Analysis

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

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Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
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