Trailing Stop - Don't even think about trading without it!
Often the simplest solutions are the best and can successfully compete with the complex ones. nBar HighLow Stop is a simple, but time-proofed Stop Loss and Trailing Stop for trending markets. It generates a stop line based on the lows or highs from the last n bars. It can be used both as a stop to exit the current position or as a trigger to enter the market when the stronger movement is expected. nBar HighLow Stop lets the profits grow during the trend and filters signals from other Tradestation indicators. It may seem like a very simple tool, but we have modified the base formula so that the indicator sticks to the price closely in a trend and gives more room in a consolidation.
The nBar HighLow Stop is very flexible and any trader can adapt it to his needs. It can be set to a different number of bars, switched to long or short positions, and for opening or exiting trades as a trailing stop. It can be used as a standalone indicator on a chart, to monitor several securities with RadarScreen or to generate signals from an enclosed strategy.
NEW! The Function included!
Even more! Now, with the included function, Advantage nBar HighLow Stop can be used to develop custom Tradestation indicators and strategies. It gives developers a full range of possibilities because it uses fixed or variable period length as input.
nBar HighLow Stop settings:
• Length of Trailing Stop
• End of bar or Intra-bar signals
• Long/Short or All positions
• Active Position Visibility
How to use nBar HighLow Stop: Simple Examples or Trading Strategies.
Price: 3 usd / month or Free with any other our indicator
nBar HighLow Stop Manual
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