Summary of 🚀Trailing Stop Loss Smart Indicator on TradingView - Free - [TradingFinder]

The video discusses the Smart Trailing Stop Loss Indicator available on TradingView, emphasizing its functionality and advantages for traders. The main financial strategies and methodologies presented include:

Main Financial Strategies and Concepts:

• Trailing Stop Loss: Unlike traditional stop-loss methods, this indicator adjusts stop-loss levels to help traders maintain profits by moving them in line with market trends.
• Market Trend Analysis: The indicator visually represents market trends using a price channel, highlighting bullish trends in green and bearish trends in red.
• Volume Adjustment: The trailing stop is adjusted based on market volume, moving closer during high volume periods to capture strong trends and distancing itself during low volume to avoid premature stop-outs.
• Ichimoku Cloud Integration: This indicator helps gauge market fluctuations, placing stop losses strategically based on recent price action.
• Dynamic Stop Loss: This feature updates the trailing stop according to price and volume changes, ensuring that traders are protected in varying market conditions.

Step-by-Step Methodology:

1. Access the Indicator:
   • Search for the Smart Trailing Stop Loss Indicator in the TradingView indicators section.
   • Add it to your favorites for quicker access.
2. Apply the Indicator:
   • Once found, apply it to your chart to start analyzing market trends.
3. Customize Settings:
   • Adjust the settings under inputs based on trading strategies, including:
   • Commodity Volume Delta (CVD) settings (EMA or default).
   • Market selection (Forex, crypto, stocks).
   • CVD moving average (default set to 20).
   • Volume moving average (default set to 100).
   • Level finder settings (default set to 10).
   • Update interval settings.
   • ATR multiplier settings for adjusting stop-loss levels.
4. Utilize Additional Indicators:
   • Combine with other indicators like Commodity Volume Delta, Volume Dynamic, and Ichimoku Cloud to enhance trend identification and stop-loss adjustments.

The video concludes by inviting viewers to share their comments and suggestions regarding the tutorial.

Presenters/Sources:

• TradingFinder

Notable Quotes

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Category

Business and Finance

Video