Compasss
- Indicators
- Oleksii Ferbei
- Version: 1.0
- Activations: 5
The principle is very simple, practical and effective - they are implemented in the Compass indicator, which will help traders to protect their deposit from loss. This is one of the implementations of the indicator for protecting a position from loss. Similar implementations exist, this is not a complex algorithm. The indicator uses a series of moving averages, which, with a given Length step, form the resulting lines that are displayed on the price chart as blue and red lines. These lines are the levels at which the stop loss should be set.