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Double EMA with stop loss indicator

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

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.