PROTECTED SOURCE SCRIPT

TSLS "Trailing Stop Loss Size"

Updated
This simple script indicates the exact and secure lot size in Pips to use. The indicator is based on the current average true range and volatility. The line also changes color based on the current volatility, so if you see the yellow color then think twice ;)
Release Notes
New version of the TSLS, now it works with all symbols. I noticed how this volatility indicator can not only indicate the trail stop loss size, but it can also reveal reversal points, you can notice that when the volatility is high the trend is about to change.

Let me know what you think

Add this indicator to your favorites
ForexforextraderOscillatorstrailingstopVolatilityVolume

Protected script

This script is published closed-source and you may privately use it freely.

Want to use this script on a chart?

Disclaimer