Download Market Structure Trailing Stop Indicator in MetaTrader 4 - Free

The Trailing Stop Indicator (Trailing Stop), based on the Market Structure (MSTS), is used to identify trend reversal points on the MetaTrader 4 platform.

This indicator, combining pivots and market character change (CHoCH), detects and plots trailing stops.

Trailing stops dynamically adjust with price fluctuations and automatically change in cases of price increase or decrease.

Indicator Table

Market Structure Trailing Stop Indicator in an Uptrend

In the EUR/USD 30-minute time frame, the indicator plots bullish trailing stops in green.

After a market character change (CHoCH), traders can enter trades and set stop-losses using trailing stops; these trailing stop regions are suitable points for placing stop-losses.

Market Structure Trailing Stop Indicator in a Downtrend

As shown below, in the EUR/USD 1-hour time frame, the indicator plots bearish trailing stops above the price in red.

These trailing stop regions are suitable for placing stop losses and adjusting to price changes.

Indicator Settings

• Chart_Theme: Indicator background theme;
• Length: Average of the last 15 candles before and after;
• Lunch: 100% display rate of the trailing stop relative to price growth;
• Reset on: Based on market character change;
• Show MS: Market structure levels;
• BullCss: Bullish trailing stop in green;
• BearCss: Bearish trailing stop in red;
• Lookback: The indicator's candle retracement level.

Conclusion

Based on Market Structure (MSTS), the Trailing Stop Indicator is a powerful tool that helps traders identify trend reversal points.

With its automatic trailing stop adjustments based on price fluctuations and market character change (CHoCH), this indicator is highly suitable for ICT and Smart Money trading styles.