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...