TrendStop

The Trend Stop Indicator’s primary purpose is the detected change in the trend for the selected time period. Trend Stop  indicator will show Highest / Lowest value of the last N periods. Depending on the current trend direction, this will be Highest High of last N periods for Down trend, respectively Lowest  Low of last N periods for Up trend. Trend change will occur, is detected, if the closing price crosses over Trend Line Stop. At this time is recommended to open positions as suggested by price / Trend Stop Crossover. Open Long position if Price crosses over Trend Stop Line. Open Short positions if Price crosses under Trend Line Stop.

Secondary purpose of Indicators is to suggests optimal level  for your stops.Place all your stop orders below Trend Stop Line for Uptrend, respectively,above Trend Stop Line for the downtrend.

Indicator supports two price choices, Close and High / Low, used in crossover algorithm.

Close

If the closing price crosses over, Trend Stop Line, a trend change will occur.

High/Low

• DownTrend
  • If the high price crosses over, Trend Stop Line, a trend change will occur.
• UpTrend
  • If the low price crosses over, Trend Stop Line, a trend change will occur.

INPUTS

The following are inputs available in the application:

• Period  – Number of periods used to calculate the Trend Stop
• Triger Type (Close or High/Low) – Select the source data used to trigger Trend Stop Trend change, either close price or candlestick high/low
• Color of Stop – The color of the Trend Stop Line
• Line width – The  width of the Trend Stop Line
• Line Style – The Style of the Trend Stop Line

Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

This indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).

FXCM is an independent legal entity and is not affiliated with Mario Jemic, http://fxcodebase.com/. http://fxcodebase.com/ is not owned, controlled, or operated by FXCM and Mario Jemic is not an employee, agent or partner of FXCM.

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