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

KivancOzbilgic

Telegram t.me/AlgoRhytm

YouTube (Turkish): youtube.com/c/kivancozbilgic

YouTube (English): youtube.com/c/AlgoWorld

開源腳本

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 publications is governed by House rules. 您可以收藏它以在圖表上使用。