OPEN-SOURCE SCRIPT
TrendStop by mavilim0732 and KIVANC fr3762
TREND STOP is a trend following and Stop Loss indicator.
Prices are on trend after Green line suddenly crossing below prices, conversely bearish after crossing above...
The absolute Stop Level is the red line.
Macd and also Directional indicator signals considered as buy signals in calculating the Trend Stop indicator.
ALSO users can change the 21 Period calculation of the indicator between EMA and the default option of VWAP .
creator: @mavilim0732 on twitter
Prices are on trend after Green line suddenly crossing below prices, conversely bearish after crossing above...
The absolute Stop Level is the red line.
Macd and also Directional indicator signals considered as buy signals in calculating the Trend Stop indicator.
ALSO users can change the 21 Period calculation of the indicator between EMA and the default option of VWAP .
creator: @mavilim0732 on twitter
Open-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.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
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