Trailing_Stop_Level - MetaTrader 5 Script - MT4/MT5 Resources

This indicator shows possible stop loss levels on the price chart. The levels of long and short positions are shown separately. This indicator is similar toMod_ATR_Trailing_Stop , but has a different calculation basis - percentage.

It has one input parameter:

if off[i] > TSL[i-1] and off[i-1] > TSL[i-1]

if off[i] < TSL[i-1] and off[i-1] < TSL[i-1]

if off[i] > TSL[i-1]

if close[i] < TSL[i-1]

Attachment download

📎trailing_stop_level.mq5 (8.88 KB)

Source: MQL5 #20436