Double EMA with stop loss indicator

6 Jul 2018

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.....

3 Sep 2018

Nota Keluaran

Stop loss indicator improved over previous version plus lows and highs are now indicated