This is a real-time indicator that accurately shows the swings in the market.
When the shorter average crosses the longer average in the upward direction it will trigger a Long Open Alert.
When the shorter average crosses the longer average in the downward direction it will trigger a Short Open Alert.
Users will have the ability to set up alerts on charts to automate and maximize profits.
These signals will help to reduce risk and easily recognize current market patterns.
Long/Short with Trailing v2 Incorporates Exit Trailing Alerts, which are adjustable for both long and short.
The Indicator will work well automated on 15Minute and larger timeframes, allowing you to set a Target Take Profit, as well as a Dynamic Trailing Percent.
Once the Take Profit has been reached, Dynamic Trailing starts and will actively monitor the current price.
Dynamic Trailing is shown on the chart in the form of the Trailing Line.
Trailing is Calculated from Maximum value of either:
A) Maximum Price Reached after Take Profit has been hit,
B) Take Profit price.
Once current price reverses and is outside your Trailing Percent Setting an Exit alert will be Thrown.
NOTE: Take Profit and Trailing Setting to be Adjusted per Timeframe and Chart, at the user's discretion.
Users looking to automate using this strategy should use ONCE PER BAR CLOSE for Entry Alerts and ONCE PER BAR for Exit Alerts.