Trailing Resistance Indicator by KıvanÇ fr3762 by KivancOzbilgic

volatility supportandresistance trailing fr3762 kivanc

TRAILING RESISTANCE INDICATOR is a helpful tool for traders to help one of the common problems that they face: where to buy/sell?

by using trailing resistance you can easily decide and see possible upward movements and understand if you are in a safe zone.

Using Trailing Resistance is just simple:

Go long/ Buy when price crosses above the indicator,
Stay on short position if prices are below the indicator.

The indicator is calculated from previous Lows and doesn't the value won't change until prices makes higher lows.

Threads: threads.net/@kivancozbilgic

YouTube (Turkish): youtube.com/c/kivancozbilgic

YouTube (English): youtube.com/c/AlgoWorld

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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