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Advantage Trailing Lines
Version 3
Advantage Trailing Lines were created to help you identify the trend. To make consistent profits, you need to know when a trend begins, ends, or reverses. You need to know it as soon as possible and be on the right side of the market as often as possible! And this is precisely the job of Advantage Trailing Lines. We have tested, optimized, and re-optimized hundreds of parameters for thousands of stocks and futures to find statistically optimal settings. Now you can use Advantage Lines to identify the current trend, decide when to trade with it, and when to exit as it’s reversing. It will help you to choose a stop loss level to limit the losses and to set a trailing stop, so your profits can grow until the very end of the trend. It is not a revolutionary tool, and you can find free versions on the Internet. But Advantage Lines has been precisely tuned with statistical research to help you find the edge for profitable trading. Advantage Trailing Lines provides sample mid-term trend fol...
Advantage Trailing Lines were created to help you identify the trend. To make consistent profits, you need to know when a trend begins, ends, or reverses. You need to know it as soon as possible and be on the right side of the market as often as possible! And this is precisely the job of Advantage Trailing Lines.

We have tested, optimized, and re-optimized hundreds of parameters for thousands of stocks and futures to find statistically optimal settings. Now you can use Advantage Lines to identify the current trend, decide when to trade with it, and when to exit as it’s reversing. It will help you to choose a stop loss level to limit the losses and to set a trailing stop, so your profits can grow until the very end of the trend. It is not a revolutionary tool, and you can find free versions on the Internet. But Advantage Lines has been precisely tuned with statistical research to help you find the edge for profitable trading.

Advantage Trailing Lines provides sample mid-term trend following strategy for RadarScreen based on two Advantage Lines. It is an example of how the Advantage Lines can be used to trade in trending markets where usually the positions should be opened in the direction of the main trend and kept until the reversal. The strategy should only be considered as an aid to manual trading.

Advantage Lines includes: Trend/Trailing Stop indicator, Standard and Aggressive modes, RadarScreen Workspace with mid-term sample trend following strategy and Scanner.

We believe, that profitable trading is achievable only if you have great tools and understand how to use them. Therefore, we offer • 60-Day Free Trial • for all of our indicators to give you time to master them!

Your feedback is very important to us! Do not hesitate to contact us with any questions or for more information: www.advantagetrading.net
We are constantly working on improving our indicators. If you have any tips or new trading ideas to implement, please share them with us: newtradingideas@advantagetrading.net
What's New
Version 3
Improved Alerts - a symbol added to the Alert, a very useful feature, especially in the text to speech setting.

Version 2
Sample mid term trend following strategy for RadarScreen has been added.

Version 1
Version 3
Improved Alerts - a symbol added to the Alert, a very useful feature, especially in the text to speech setting.

Version 2
Sample mid term trend following strategy for RadarScreen has been added.

Version 1
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Customer Reviews
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Average Customer Rating:
 (1)
Very good mid and long term trend indicator
May 22, 2021 Version: 2
By:George Calvert
This seems like a nice tool to determine and display the medium length trend, or to determine long term trend if you set the “length” input parameter to a higher value.

You could put two on a chart, one set to point out the medium term trend, and another set to point out longer term trend.

As a day trader-swing trader, I've been experimenting with using it to tell me what the medium term trend is, and then using Advantage Trend colors paint bars to point out good short term entry points in that medium term trend, and that seems to be working quite well.

On the input parameters for trailing lines, I like to set the “length” parameter to '1', and the “type” to “2” (“aggressive”), because to my eye, that seems to be the best for my style of trading, at least with my use of it so far.

I also change the line width to be a fairly thick solid line, as I really want that medium term trend direction to be very obvious, and to jump out at my eye when I look at the chart.

Generally, I try to discipline myself to only take the shorter term trades pointed out by the Trend colors paint bars, when they are in the same direction as the medium term trailing lines indicator direction.

Unless it's obvious price has really moved quite a ways away from a 15 period EMA I also like to put on the chart, and in that case I sometimes would take a shorter term scalping type trade, betting price will mean-revert back closer to the 15 period EMA.

Anyway, nice tool to indicate medium to long term trend direction.
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Developer
Requirements
Tradestation 9.5 (Update 16)
Support Documents
Asset Type
Stock, Future, Forex, Option
Style
Swing Trading
Methodology
Trend
Analysis Techniques
Applications
Categories