Trend Step - Trailing Stop is a moving average-based trailing stop that moves in pre-defined steps. In this way, the user can set the number of pips/points they want the trailing to move in relation to the movements in the average. You can also see it as trend steps. Every step represents the trend movement.
Usage Use it as a trailing stop or as a trend direction tool.
Disclaimer: No financial advice, only for educational/entertainment purposes.
Nice indicator! Does anyone know what the code would be to offset the Trend Step? Like allow it to trail longs 8 ticks under the MA? Or trail shorts 8 ticks above the MA?
Does anyone know what the code would be to offset the Trend Step? Like allow it to trail longs 8 ticks under the MA? Or trail shorts 8 ticks above the MA?