alexgrover

Linear Trailing Stop

Based on my latest script "Linear Channels"

This is a trailing stop version of the linear channels. Thanks to capissimo for helping me fix several issues with the linear extrapolation part.

In order to know how the indicator work i recommend reading the post on the Linear Channels indicator here
Hope you like it and feel free to leave your suggestions :)
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Many many many Thanks!
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@alexgrover wonderful indicator! Is there a way to add a dot (green dot and red dot) when it transitions from the red line to the blue line and vice versa. I'm trying to add the flip between long/short (stops) as an alert. If there is already a way please do tell. Appreciate it m8t!
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@leungw, Thanks for the support, i could add alerts in the future.
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leungw alexgrover
@alexgrover, Thank you!
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I definitely love your work Alexgrover; especially the linear channels series
Appreciated your generosity =D
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@ICEKI, I'am glad i could do something with the v4 features thats people would appreciate, i'am sure there will be more linear things to come. Thanks for the support as always, i appreciate it :)
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Nice one Alex... !!
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alexgrover idrisbengali
@idrisbengali, Thx for the support as always :)
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Looks like it's even better than the supertrend that I use as a trailing stop. Script added to my favorites. Great job
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@Daveatt, Thanks for the support, i won't go that far to say its a better alternative to the supertrend since the supertrend is far more stable than this indicator, i will still try to make it better with time.
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