PROTECTED SOURCE SCRIPT
MOST by Anıl ÖZEKŞİ
Updated
MOST : Moving Stop Loss Indicator
Developed by economist Anıl ÖZEKŞİ for MATRİKS TRADER platform.
This indicator is like a trailing stop indicator but differs in two ways.
First, trailing stops often uses price bars to determine the stop level, but MOST uses an adjustable percent of the Exponential Moving Average of the price which smooths the sudden price moves.
The second thing is that MOST gives BUY and SELL signals instead of giving one way signals for price action.
MOST has an EMA and a trailing percent stop level of EMA that can be adjusted by changing the length of the EMA and %percent of the stop level.
BUY when ExMoV crosses above MOST
LONG CONDITION when ExMov is above MOST
SELL whenExMov crosses below MOST
SHORT CONDITION when ExMov is below MOST
Developed by Anıl ÖZEKŞİ teknikanalizsanati.com/Default.aspx
Developed by economist Anıl ÖZEKŞİ for MATRİKS TRADER platform.
This indicator is like a trailing stop indicator but differs in two ways.
First, trailing stops often uses price bars to determine the stop level, but MOST uses an adjustable percent of the Exponential Moving Average of the price which smooths the sudden price moves.
The second thing is that MOST gives BUY and SELL signals instead of giving one way signals for price action.
MOST has an EMA and a trailing percent stop level of EMA that can be adjusted by changing the length of the EMA and %percent of the stop level.
BUY when ExMoV crosses above MOST
LONG CONDITION when ExMov is above MOST
SELL whenExMov crosses below MOST
SHORT CONDITION when ExMov is below MOST
Developed by Anıl ÖZEKŞİ teknikanalizsanati.com/Default.aspx
Release Notes
Code updatedRelease Notes
Updates:1- Added Highlighter
2- Added BUY SELL SIGNALS
3- MOST indicator advised to use with Variable Moving Average in sideways market by its developer Anıl Özekşi, so added couple of alternative Moving Average OPTIONS to use in the calculation of MOST as:
SMA : Simple Moving Average
EMA : Exponential Movin Average
WMA : Weighted Moving Average
TMA : Triangular Moving Average
VAR : Variable Index Dynamic Moving Average aka VIDYA
WWMA : Welles Wilder's Moving Average
ZLEMA : Zero Lag Exponential Moving Average
TSF : True Strength Force
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
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