Quintalytics Trend Chop & Stop 19
Quintalytics Trend Chop & Stop is a combination of a Trend, Sideways/Chop Detection, and Trailing Stop Loss indicator. This indicator is suitable for use in all timeframes and markets.
COLORS
The Color GREEN indicates the presence of a Bullish Trend.
The Color RED indicates the presence of a Bearish Trend.
The Color YELLOW indicates that the market is Sideways a.k.a. Flat a.k.a. Choppy.
You have the option of COLORING the BAR to match the Current TrailingStop color.
You also have the option of applying a Smoothing to the TrailingStop line.
SETTINGS
The indicator has three parameters: Alpha, Beta, and Gamma. Changing these settings individually or in combination will yield varying results.
Adjusting ALPHA will affect the overall level of TREND detection.
Adjusting BETA will control the DISTANCE of the line away from the current market price.
Adjusting Gamma will control the level of CHOP detection.
COLORS
The Color GREEN indicates the presence of a Bullish Trend.
The Color RED indicates the presence of a Bearish Trend.
The Color YELLOW indicates that the market is Sideways a.k.a. Flat a.k.a. Choppy.
You have the option of COLORING the BAR to match the Current TrailingStop color.
You also have the option of applying a Smoothing to the TrailingStop line.
SETTINGS
The indicator has three parameters: Alpha, Beta, and Gamma. Changing these settings individually or in combination will yield varying results.
Adjusting ALPHA will affect the overall level of TREND detection.
Adjusting BETA will control the DISTANCE of the line away from the current market price.
Adjusting Gamma will control the level of CHOP detection.
