Trailing Entry Price

A trailing entry price is always an entry condition and must be used in conjunction with the And Then Within indicator. This indicator allows you to enter a trade at a certain price that you determine after certain conditions are met. For example, let’s say you want to find a gap up, but you don’t want to enter the trade until prices have moved above the high of the gap up. You can use the trailing entry price to set the entry price based on the gap up’s high value.

The calculation is performed as follows:

Once the setup conditions are met, take the selected open, high, low, close, or designer value of the bar and multiply it the selected percent. If the price moves above/below this value, the entry conditions will have been met. If you select the Move Entry option and the entry condition has not been met, each new bar after the setup condition will re-calculate the value.

Calculation Example

Testing Dialog Box

Reference: None