Free download of Market Structure Trailing Stop Indicator in MetaTrader 4 | Forex Indicator Download - MT4/MT5 Resource

The Trailing Stop indicator (MSTS) , based on market structure , is used in MetaTrader 4 indicator for identifying reversal points in trends.

This indicator, combining pivots and Changes in Market Characteristics (CHoCH) , detects and draws trailing stops.

Trailing stops dynamically adjust to price fluctuations and automatically change as prices rise or fall.

Indicator Table

Indicator overview

The indicator calculates and plots bullish and bearish trailing stops as well as Market Characteristic Change (CHoCH) and price reversal pivot points on the chart. Bearish trailing stops are shown in red, while bullish trailing stops are shown in green.

Change in Market Characteristics (CHoCH) is also shown as a dotted line.

Market Structure Tracking Stop Loss Indicator in Uptrend

In the EUR/USD 30-minute time frame, the indicator draws bullish trailing stops green .

After a market character change (CHoCH) , traders can enter a trade and set stop-losses using trailing stops; these trailing stop areas are suitable points for setting stops.

Market Structure Tracking Stop Loss Indicator in Downtrend

As shown in the chart below, on the EUR/USD 1 hour time frame, the indicator chart is bearish trailing with a stop loss above the price of red .

These trailing stop areas are suitable for setting stops and adjusting them based on price changes.

Indicator Settings

• Chart_Theme: indicator background theme;
• Length: the average of the last 15 candles before and after;
• Lunch: The display rate of trailing stop loss relative to price growth is 100%;
• Reset on: based on changes in market characteristics;
• Show MS: Market structure level;
• BullCss: Bullish trailing stop is green;
• BearCss: Bearish trailing stop is red;
• Lookback: The indicator’s candle retracement level.

Conclusion

The Market Structure Based Trailing Stop indicator is a powerful tool that can help traders identify trend reversal points .

With its automatic trailing stop-adjusted Market Characteristic Change (CHoCH) based on price fluctuations, this indicator is ideal for Smart Money and ICT trading styles .