Trailing Stop Loss Indices Order MetaTrader 4 Indicator

Developed by J. Welles Wilder & is used to set trailing stock indices price stops. This Trailing Stop Loss Indices Order Indicator was originally developed to analyze trending Indices Trading Markets. It is drawn as a stock indices chart overlay indicator, that is on the stock indices price chart itself.

This is a very accurate stock indices indicator for providing exit points and thus it is used to set trailing stops and is usually referred to as "SAR" (stop-and-reversal) - Trailing Stop Loss Indices Order MetaTrader 4 Technical Indicator.

This Trailing Stop Loss Indices Order MetaTrader 4 Indicator is drawn above or below the stock indices price - it is drawn as a series of dots. The length of movement of the SAR will be determined by scale of the stock indices price movement.

In an upwards indices trend the parabolic SAR will be below the indices price. As long as the up indices trend continues then the SAR will continue being below the stock indices price - Trailing Stop Loss Indices Order Indicator. When stock indices price move down and the parabolic SAR goes above stock indices price then the Indices trend reverses to bearish.

This trailing stop loss technical indicator uses a parabolic calculation to plot the sequence of dots, This means that if the stock indices price stops moving up with the same acceleration, the parabolic will continue with the same acceleration thus at some point the stock indices price will hit the indicator if it slows down too much.

Explanation

This Trailing Stop Loss Indices Order MetaTrader 4 Indicator provides excellent exit points. You should close long positions when the stock indices price falls below the SAR and close short positions when the stock indices price rises above it.

If you're long, Parabolic SAR - Trailing Stop Loss Indices Order MetaTrader 4 Indicator will move up every day, regardless of the direction the stock indices price is moving. The amount this stock indices indicator moves up depends on amount that stock indices prices move.

The same technical analysis will also apply to a downward indices trend, parabolic SAR - Trailing Stop Loss Indices Order MetaTrader 4 Indicator will be above the stock indices price and it should remain above the stock indices price until the bearish down indices trend reverses.

The stock indices chart below shows an example of Parabolic SAR in an up indices trend stock indices market, You can see how it trailed below stock indices price (Bullish Indices Trading Market) until when it was hit & indices trend reversed.