This script is my first strategy script coupling the Trend trader (indicator developed by Andrew Abraham in the Trading the Trend article of TASC September 1998.) and Schaff Trend Cycle . The STC indicator is widely used to identify trends and their directions. It is sometimes used by traders to predict trend reversals as well. Based on the movement of the Schaff...
This indicator will try to capture maximum trend of a stock it will keep trailing stoploss to capture maximum trend Works best in trendy markets FEATURES: Done and backtested on indian stocks. Trade session and exit session can be specified as inputs. Optional Stoploss Specially developed for intraday trading It would be good to use on normal...