divergence software, inc.
Development & Consulting Services
Product Detail
Auto Stop Indicator
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
This indicator is similar in operation to the well-known SuperTrend indicator, but has several enhancements. The AutoStop indicator has two modes of operation:
Continuous - Stop begins calculating as of the first bar of data in your chart and reverses whenever the stop is hit. This is the default mode of operation and, in this mode, it can be used as a trading system.
Manual - User clicks on the Long or Short button at the bottom-left of the chart and then clicks on the bar where the stop should begin calculating. The stop will update on each new bar and continue plotting until such time as the stop is hit. In this mode, the AutoStop indicator can be used in conjunction with a separate trading system or methodology. Note that the Long/Short buttons will only appear on the chart if Manual Mode has been selected. Requires eSignal Username upon purchase.
Specifications
- Product ID: SES03
- Study only, no source code provided
- Requires eSignal 12.x or newer