PROTECTED SOURCE SCRIPT

K3 Trailing Stop

2 708
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

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.