Trailing Stop

Most of the trailing stops on TradingView are made of using the lowest lows and the highest highs. Not many are based around what I called the volatile trailing stop.

This is where the trailing stop will move around according to a set percentage difference from the previous closing value. This allows you to say "If the current bar moves x percent, then stop". The script I've made here is a simple version of that with a few options for smoothing and setting the percent change.

Disclaimer: This is not financial advice, please do your own research before making any decisions.

All requests send to my Telegram @OztheWoz
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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