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Created page with "=== Definition=== Channel Trailing SX is a trailing stop that places a stop order at the next bar at the highest price of the last Length number of bars. It will remain activ..."
=== Definition===
Channel Trailing SX is a trailing stop that places a stop order at the next bar at the highest price of the last Length number of bars. It will remain active until the position is closed.
=== Usage===
Short exit based on a trailing price value.
=== Default Inputs ===
'''Length''' - number of bars used for the highest price calculation.<br>
'''FloorAmt''' - the amount of profit that should be exceeded before the order is placed.<br>
'''PositionBasis''' - true/false trigger that allows calculating profit either per position or per share. Insert True to calculate profit per position.
'''Note:''' Use [[Channel Trailing LX]] for exiting a long position.
[[Category:Pre-built Signals]]
Channel Trailing SX is a trailing stop that places a stop order at the next bar at the highest price of the last Length number of bars. It will remain active until the position is closed.
=== Usage===
Short exit based on a trailing price value.
=== Default Inputs ===
'''Length''' - number of bars used for the highest price calculation.<br>
'''FloorAmt''' - the amount of profit that should be exceeded before the order is placed.<br>
'''PositionBasis''' - true/false trigger that allows calculating profit either per position or per share. Insert True to calculate profit per position.
'''Note:''' Use [[Channel Trailing LX]] for exiting a long position.
[[Category:Pre-built Signals]]