Trender is a popular trailing stop indicator on the Bloomberg system and since I didn't have source code to work with, this is a close approximation of that indicator. Let me know if you spot any discrepancies and I will adjust accordingly. This indicator is a trailing stop system along with a trend confirmation. When the blue line falls below the black line,...
WORK BEST ON 5 MINUTE CHART FOR SHORT TERM OR INTRADAY TRADING Green = Long Red = Short NoColor = Neutral (No Trade) HelpMA and Caution Line as Support, Resistance Levels & Stop Losses Reference RedSquare = OverBought (Caution) BlueSquare = OverSold (Caution) / Improvements * More Precise with Signals
# Faster Loading # Improved Calculation Indicator for IntraDay to Short term Trading (3-5 days), Green Signal = long, Red = short, Use Support Lines and MA for Entries and OB/OS Squares to book profits. Best Applicable in 5 min chart for IntraDay to Short term Trading... Reference Images to Use Effectively...
# Addressed Repaint Issue # Added OverBought/Oversold/Square (Price tends to get risky if OB/OS/Square Appears) Best Applicable in 5 min chart for IntraDay to Short term Trading (3-5 days)
Indicator for IntraDay to Short term Trading (3-5 days), Green Signal = long, Red = short... Best Applicable in 5 min chart.. Included Help MA and Warning Line... If starts trading below Warning Line when in uptrend, then caution is needed and if same starts to trade above warning line, when in downtrend then caution is needed.
Indicator for IntraDay to Short term Trading (3-5 days), Green Signal = long, Red = short... only applicable in 5 min chart..