Trailing Stop Loss Metals Order Levels Metals Analysis & Trailing Stop Loss Metals Order Levels Trading Signals

Developed by Tushar Chande.

This is a volatility based indicator that's used to estimate levels to set stoploss levels. Distance at which it estimates the trailing stop level is determined based on market volatility.

The Levels of the 2 lines, these two lines represent:

• Long Stop Level - Blue Line
• Short Stop Level - Red Line

Long stop level line has much wider range in terms of where it trails the stop loss as compared to short stop level that implements a tight stop loss.

This metals indicator is volatility based when it comes to trailing and following the metals price action. Trailing Stop Levels will trail the above the metals price in a downward market metals trend and trails below the metals price in an upward market trend.

Metal Trading Analysis & Generating Trading Signals

These will be calculated using volatility to calculate where to draw the indicator - this is used to determine what levels to set stop losses.

Upward Metals Trading Trend

In an upwards metals trend these levels will follow below the metals price. The trader can use either the short stop level line to set up a tight stop or the long stop level to set a stop loss that is not very tight. As the metals price goes higher the trailing level also goes higher. An exit signal is generated when metals price crosses below these levels.

Metals Uptrend

Downwards Metal Trading Trend

In a downward metals trend the stop loss levels will trail above the metals price this two levels can be used to set these levels. As the metals price drops further these levels will continue to drop lower and follow the metals price lower. An exit signal is generated when metals price crosses above these levels.

Metals Downtrend

When metals price starts to retrace these levels will not retrace but will remain at their levels, this will mean at some point the trade will be closed by the trailing stop loss.