the trading stop ( tsp
) of (0.5%) in lower panel very well traces the spy
, and bollinger band
(20) in the upper pannel, together with MA(40, 70), MA70 is equivalent to MA(10) in daily chart
(because 7 hours per day).
when price above trailing stop, and sell when drop below tsp
, be ware of double top
, and false breakout.