TENKANSTOPLOSS
this is my script help of mr hikmet sezen. special thanks to him for his patience
i made this stop loss indicator running according to tenkansen of ichimoku
it follows the tenkansen line from a determined % distance by user
when tenkansen is crossing up trendstop meand go long
when tenkansen is crossing down trendstop go short
i use settings 5 for tenkansen and 0.80 for stoploss % and seems accurate for 1h and 4h for btc and others
u can adjust it for stocks and for forex
recommend to use with heiken ashi bars
i made this stop loss indicator running according to tenkansen of ichimoku
it follows the tenkansen line from a determined % distance by user
when tenkansen is crossing up trendstop meand go long
when tenkansen is crossing down trendstop go short
i use settings 5 for tenkansen and 0.80 for stoploss % and seems accurate for 1h and 4h for btc and others
u can adjust it for stocks and for forex
recommend to use with heiken ashi bars