Candle High Low Exit
Candle High Low Exit
Candle High Low Exit
Candle High Low Exit
Candle High Low Exit
Candle High Low Exit
Candle High Low Exit
Candle High Low Exit

Candle High Low Exit

$0.00

The Candle High Low Exit indicator uses the highest high and the lowest low of a range to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction.  Moreover, the trailing stop lines are generated to support the order’s trend direction (long or short): 

  • In an upward trend, the long trailing stop line (orange line under buy) appears and advances upward until the close crosses under the line.
  • In a downward trend, the short trailing stop line (magenta over sell) appears and declines until the close crosses over the line.

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Description

The Candle High Low Exit indicator uses the highest high and the lowest low of a range to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction.  Moreover, the trailing stop lines are generated to support the order’s trend direction (long or short): 

  • In an upward trend, the long trailing stop line (orange line under buy) appears and advances upward until the close crosses under the line.
  • In a downward trend, the short trailing stop line (magenta over sell) appears and declines until the close crosses over the line.

One of 14 Indicators of Ultimate Trailing Stop EA
The Candle High Low Exit is one of 14 indicator-based trailing stops comprising our Universal Trailing Stop EA. You don’t need to download this indicator to make it work in the UTS EA, as the indicator is already built into it, but if you want to see the how your trailing stops auto-adjust to the indicator lines on the chart of UTS-EA when you set Apply indicator template=true, you need to download this indicator.

  • Find trends and ranges with the Candle High Low indicator
  • Can work with trending mode or band mode
  • Can be used as one of the trailing stops for Ultimate Trailing Stop EA
Current version: 1.6
Operating system: Windows 7/8/10
Published: 7 October 2020
Trading platform: MetaTrader 4
Updated: 18 December 2020

Parameters:

  • vesQtCndls (3) – The number of candles for the calculation

 

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