Scott_Cong

Scott_Cong

A 21 period Bull Bear Line and the same period EMA as well as 60 period EMA are displayed in the TSLA chart. It shows that BBLine is as responsive as EMA in trendy markets, and as flat as 60 EMA in range markets.

Scott_Cong

Selecting a trailing stop scheme to maximize profit whilst minimize risk is a challenge to traders. Bull Bear Line is a good option to serve as trailing stop. It behaves similarly to the popular Chandelier trailing stop strategy. However, it is simpler than the latter and adapt to wide range of instruments.