⛔Trailing Stop
Last updated
Last updated
Choose here 1 or 2 Trailing Stop. Because this option is optional, you can also decide to check nothing in this section.
➜ Start Trailing After # Bar OR After: Start taking into account the Trailing Stop conditions checked after # bars or after reaching a Target (Target 1, 2, 3 or 4)
Trailing Stop: EMA: Check this box to add a Trailing Stop based on an EMA and then choose the length of this EMA.
Show EMA: Show EMA (Yellow) on the chart
Trailing Stop: % Deviation: Check this box to add a Trailing Stop based on a Percentage Deviation of the Price from the Long or Short.
Show Deviation line: Show the deviation line (Violet) on the graph.
Trailing Barstate:
'Confirmed + 1' = An output signal will be triggered after the price has crossed the calculated deviation point from the highest or lowest of the previous candles, after confirmation at the opening of the next candle.
'Real Time + 1' = An output signal will be triggered during the current candle if the price crosses the calculated deviation point from the highest or lowest of the previous candles.
❗ ' Real Time' = An exit signal will be triggered during the current candle if the price crosses the calculated deviation point from the highest or lowest of the previous candles and the current candle (May induce distorted results because Tradingview does not allow us to get the data inside the historical candles during a Backtest.
Wait Positive: This option allows you to ignore output signals from Trailing Stop conditions and inducing negative results. Trailing Stop conditions will only be validated when the deviation point is equal to or greater than the entry point (Long) or equal to or less than the entry point (Short).
