Trailing Stop Loss Order Levels Technical Analysis & Trailing Stop Loss Order Levels Trading Signals

Developed by Tushar Chande.

This is a volatility based indicator that is used to estimate levels to set stop loss levels. The distance at which it estimates the trailing stop level is decided based on market volatility.

The Trailing Stop Loss Order Calculation Indicator Levels are 2 lines, these two lines represent:

• Long Trailing Stop Loss Order Calculation Indicator Level - Blue Line
• Short Trailing Stop Loss Order Calculation Indicator Level - Red Line

The long trailing stop loss level line has a much wider range than in terms of where it trails the stoploss as compared to the short trailing stop loss level which implements tight stop loss.

This Trailing Stop Calculator Indicator is volatility based when it comes to trailing and following the price action. Trailing Stop Loss Order Levels Indicator will trail the above the price in a downwards market trend & trail below stock price in an upward stock trend.

Trailing Stop Loss Order Calculator Indicator Signals

Trailing Stop Loss Order Levels will be calculated using volatility to calculate where to draw the indicator - this Trailing Stop Loss Order Levels Indicator is then used to determine what levels to set stop loss trade orders.

Upward Trend

In an upward trend these trailing stop loss levels will follow the upward trend below the price. The trader can use either the short stop level line to set up a tight stop loss order or the long stop loss level to set a stop loss order that is not very tight. As the price goes higher the trailing stop loss level also goes higher. An exit signal is generated when price crosses below these trailing stop loss levels.

Trailing Stop Loss Order Calculator Indicator in Upwards Trend

Downward Trend

In a downward trend the trailing stop loss levels will trail above the price and these two levels can be used to set trailing stop loss orders. As the price drops further these trailing stop loss levels will continue to drop lower and follow the price lower. An exit signal is generated when price crosses above the these trailing stop loss levels.

Trailing Stop Loss Order Calculator Indicator in Downwards Trend

When price starts to retrace these trailing stop loss levels will not retrace but will remain at their levels, this will mean at some point the open trade will be closed by the trailing stop loss levels calculated by the - Trailing Stop Loss Order Calculator Indicator.

Trailing Stop Loss Order Calculator Indicator - Trailing Stop Calculator Indicator - Trailing Stop Loss Order MetaTrader 4 Indicator