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alexgrover

Linear Trailing Stop

alexgrover Wizard  
Trend Analysis linear LINE trailingstop trend
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trendanalysis linear line trailingstop trend
Based on my latest script "Linear Channels"

This is a trailing stop version of the linear channels. Thanks to capissimo for helping me fix several issues with the linear extrapolation part.

In order to know how the indicator work i recommend reading the post on the Linear Channels indicator here
Linear Channels

Hope you like it and feel free to leave your suggestions :)
Check out the indicators we are making at luxalgo: www.tradingview.com/u/LuxAlgo/
Open-source script

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.

Disclaimer

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