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

The Trailing Stop Loss Smart Indicator is a sophisticated tool designed for risk management and market trend identification.

By integrating several key concepts such as Cumulative Volume Delta (CVD), Exponential Moving Average (EMA), and Average True Range (ATR), this indicator assists traders in making informed trading decisions.

Its primary goal is to enhance the accuracy of entry and exit decisions, minimize potential losses, and maximize profits using trailing stop-loss techniques.

Trailing Stop Loss Smart Indicator Specifications

Indicator in an Uptrend

In an uptrend, when the CVD value is positive and the price is above the Exponential Moving Average, traders can enter Buy trades.

Stop-loss levels should be placed ahead of these zones to lock in profits.

Indicator in a Downtrend

In a downtrend, the CVD value turns negative, and the price moves below the Exponential Moving Average.

This situation indicates increased selling pressure and reduced buyer strength. In this case, traders can enter Sell trades by placing stop-loss levels above these zones.

Indicator Settings

• Cumulative Mode: Calculates buy/sell volume differences in two modes;
• CVD Period: Timeframe for calculating volume delta (Default: 200);
• Market Ultra Data: Advanced display for various selected markets;
• Moving Average CVD Period: Period for the moving average of volume delta (Default: 200);
• Moving Average Volume Period: Period for the moving average of trade volumes (Default: 100);
• Level Finder Bar Back: Number of past candles for level detection (Default: 10);
• Levels Update per Candle: Updates levels after each candle (Default: 5);
• ATR Multiplier: Multiplier for average true range calculation (Default: 1).

Canclusion

The Trailing Stop Loss Smart Indicator is an advanced, multifunctional tool for risk management and market trend identification.

By integrating volume data (CVD), trend analysis (EMA), and smart stop-loss settings, it helps traders manage risks effectively.

This tool provides optimal entry and exit points for trades and dynamically adjusts stop-loss levels, enabling traders to minimize losses and maximize profits.