Description
⋅ The Trailing Stop is based on a SuperTrend indicator, with some modifications.
When the TSL moves above the initial SL, begin to trail your stop just below the given line.
TSL has 3 suggested modes:
- Factor of 1 for a tight SL in volatile conditions
Factor of 2 for a medium SL in normal conditions
Factor of 3 for a loose SL for long-term moves