cheatcountry

Trender

Trender is a popular trailing stop indicator on the Bloomberg system and since I didn't have source code to work with, this is a close approximation of that indicator. Let me know if you spot any discrepancies and I will adjust accordingly.

This indicator is a trailing stop system along with a trend confirmation. When the blue line falls below the black line, that is a confirmation of a down trend and when it rises above the black line, it is a confirmation of an up trend. When the trender line is above the price, then that means the stock is in a general down trend and vice versa. I have color coded the trender line to show you when to buy or sell that stock to keep it easy.

This was a special request so let me know if you want to see more scripts from me or if you want something custom!
Release Notes: fixed a small typo
Release Notes: updated to make it consistent with my other indicators
Release Notes: updated an issue with the inputs
Release Notes: fixed issue with default resolution
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Comments

I use this script version: Trender & mov avg Jayy update
I don't have access to Bloomberg so I can't compare your script to theirs, but looking at the chart you published and the version mentioned above I have a feeling that something is not ok.
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cheatcountry sal157011
@sal157011, feel free to use whichever version you would like. neither one of us has the exact source code for the bloomberg indicator so this is simply my personal interpretation
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Appreciate your work sir!
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@Chakku, thank you!
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