OPEN-SOURCE SCRIPT
Trend Step - Trailing
Updated
Trend Step - Trailing Stop is a moving average-based trailing stop that moves in pre-defined steps. In this way, the user can set the number of pips/points they want the trailing to move in relation to the movements in the average. You can also see it as trend steps. Every step represents the trend movement.
Usage
Use it as a trailing stop or as a trend direction tool.
Disclaimer: No financial advice, only for educational/entertainment purposes.
Usage
Use it as a trailing stop or as a trend direction tool.
Disclaimer: No financial advice, only for educational/entertainment purposes.
Release Notes
Minor changesOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.