fibozachi

Fibozachi - Dynamic Trailing Stop (D.T.S.)

Product Page: https://www.fibozachi.com/trading-indicators/dynamic-trailing-stop

Fibozachi - Dynamic Trailing Stop (D.T.S.)

Unlike other static or lazy stop-loss tools, the Dynamic Trailing Stop uses proprietary “Smart-Stop” technology to protect your profits while minimizing risk. When price consolidates or moves sideways, the D.T.S. clearly identifies support and resistance levels — remaining unchanged until price exits consolidation and resumes moving upwards or downwards. Though there are many stop-loss indicators, the D.T.S. consistently outperforms other methods with superior accuracy and flexibility.

Another benefit is the ability to “Round to the Nearest Tick(s)”, which lets you adapt the D.T.S. to each unique trading instrument and specific tick sizes (minimum price movements). The D.T.S. intelligently adapts to price movement; it remains accurate and effective across all timeframes, chart types, and trading vehicles (stocks, options, ETFs, fixed income, futures , FX, commodities , and cryptocurrencies).

The D.T.S. also simplifies chart analysis by color-coding each bar based on whether price is above or below the D.T.S. Not only does the D.T.S. serve as a highly effective stop-loss, but it can also be used to determine if the current trend is bullish or bearish .
Release Notes: Unlike other static or lazy stop-loss tools, the Dynamic Trailing Stop uses proprietary “Smart-Stop” technology to protect your profits while minimizing risk. When price consolidates or moves sideways, the D.T.S. clearly identifies support and resistance levels — remaining unchanged until price exits consolidation and resumes moving upwards or downwards. Though there are many stop-loss indicators, the D.T.S. consistently outperforms other methods with superior accuracy and flexibility.

Another benefit is the ability to “Round to the Nearest Tick(s)”, which lets you adapt the D.T.S. to each unique trading instrument and specific tick sizes (minimum price movements). The D.T.S. intelligently adapts to price movement; it remains accurate and effective across all timeframes, chart types, and trading vehicles (stocks, options, ETFs, fixed income, futures , FX, commodities , and cryptocurrencies).

The D.T.S. also simplifies chart analysis by color-coding each bar based on whether price is above or below the D.T.S. Not only does the D.T.S. serve as a highly effective stop-loss, but it can also be used to determine if the current trend is bullish or bearish.

Product Page: https://www.fibozachi.com/trading-indicators/dynamic-trailing-stop
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact fibozachi for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

Want to use this script on a chart?

Warning: please read before requesting access.