Trail stop of last candle low

[Bentley]

Hi there,
I was wondering is it possible to code a trail stop base on the low of 1 period ago and use it in TOS? I have done a buy stop that trail only after certain limit or indicator limit is hit but can wrap my head around this 1 bar ago low...

Any idea is much appreciated

 

[SleepyZ]

Hi there,
I was wondering is it possible to code a trail stop base on the low of 1 period ago and use it in TOS? I have done a buy stop that trail only after certain limit or indicator limit is hit but can wrap my head around this 1 bar ago low...

Any idea is much appreciated

See if this helps. If there is a buy then the trail of the low[1] at the time of the buy is plotted until it is crossed below.

def buy   = close crosses above close[1];
def trail = if isnan(close) then trail[1] else if buy then low[1] else trail[1];
plot exit = if close crosses below trail then double.nan else trail;