Double EMA with stop loss indicator

צפיות ‎2058‎
This is an updated version of my previous stop loss script.

I've added a double EMA line and modified the stop as below;

In an uptrend....

1. a yellow dot will appear once it's time to move your stop. The yellow dot will display at the level of the stop loss. Place your stop 1 pip below the dot.

2. The yellow dot will only appear if a new higher low has formed and has been confirmed. Also the current candle must have broken the high of a previous bullish candle or the dot will not appear.

3. The dot will also appear if there is a likely reversal of the current trend.

Also works in downtrends.....
הערות שחרור: Stop loss indicator improved over previous version plus lows and highs are now indicated

סקריפט קוד פתוח

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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