Quintalytics Trend Chop & Stop 19 — Indicator by quintalytics

Quintalytics Trend Chop & Stop is a combination of a Trend, Sideways/Chop Detection, and Trailing Stop Loss indicator. This indicator is suitable for use in all timeframes and markets.

COLORS
The Color GREEN indicates the presence of a Bullish Trend.
The Color RED indicates the presence of a Bearish Trend.
The Color YELLOW indicates that the market is Sideways a.k.a. Flat a.k.a. Choppy.

You have the option of COLORING the BAR to match the Current TrailingStop color.
You also have the option of applying a Smoothing to the TrailingStop line.

SETTINGS
The indicator has three parameters: Alpha, Beta, and Gamma. Changing these settings individually or in combination will yield varying results.

Adjusting ALPHA will affect the overall level of TREND detection.
Adjusting BETA will control the DISTANCE of the line away from the current market price.
Adjusting Gamma will control the level of CHOP detection.

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 quintalytics for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless 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 Community Scripts.

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.

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Warning: please read before requesting access.

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