Download Market Structure Trailing Stop Indicator in MetaTrader 5 - Free

The Trailing Stop Indicator (Trailing Stop) on the MetaTrader 5 platform is one of the powerful technical analysis tools used to determine dynamic market reversal levels.

This indicator tracks the price trend (Trend), automatically adjusting support and resistance levels, and identifies potential reversal points.

Using the Trailing Stop Indicator, traders can pinpoint entry and exit points and better understand market changes.

Indicator Table

Market Structure Trailing Stop in an Uptrend

In the 1-hour chart of EUR/AUD during an uptrend, the indicator marks trailing stops in green and market character changes (CHoCH) with dashed lines.

These levels automatically adjust as prices rise, enabling traders to promptly identify potential price reversal points or slowdowns in the uptrend.

Market Structure Trailing Stop in a Downtrend

As shown in the price chart of GBP/SGD in the 1-hour time frame, trailing stops in a downtrend are marked in red and automatically lower as prices drop.

Traders can place their stop-loss levels before these zones and enter sell trades.

Indicator Settings

• Chart_Theme: Indicator background theme in light mode;
• Pivot lookback: Average of 14 previous and next pivot candles;
• Increment factor: 100% display rate of trailing stop relative to price growth;
• Reset step on Market character change;
• Show MS: Market structure levels;
• BullishMS: Bullish trailing stop in green;
• BearishMS: Bearish trailing stop in red;
• Lookback: Candle retracement level of the indicator.

Conclusion

The "Trailing Stop" indicator, with its bullish and bearish trailing stops, clearly shows trend price changes and marks key price reversal points.

With customizable settings and trend-following capability, traders can easily manage their risk and entry and exit points.