Indices Buy Stop Order Definition
Stop Orders: Buy Stop Order
A Buy Stop Order is a pending instruction to purchase an index after its price reaches the specified buy-stop level.
The buy stop order is always set to open a buy above current stock market price.
Buy Stop
In the trading illustrations below a buy stop order was set to open a buy trade at a price level above the current stock market price.
The stock price subsequently moved upward, triggering the pending buy-stop order, after which the price continued to advance in the uptrend direction.

Indices Buy Stop Trade Order Explanation - Buy Stop
The buy stop trading order can also be used to create a trading order that is waiting to happen when a stock chart shows a period of little price change. A buy stop order works by setting up a buy order that will happen later, located just above a period of little price change on the stock chart, like the example shown below. If the price suddenly goes up after the period of little price change, the buy stop order will start a new buy order as soon as the stock price hits the set price.

Indices Buy Stop Trade Order Explanation - Buy Stop Order on Quote
A buy trade was started from the buy stop order when the stock price went past a resistance area in the first picture and when the stock price went up after a time of little price movement on the second buy stop order example.
Understanding Indices Buy Stop Orders - Explanation of Buy Stop Orders for Indices on Quotes.
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