Trend-following indicator LeManStop is a representative of system LeMan and displays Stop Loss levels for the existing positions in the chart. It draws two Stop Loss lines for Long and Short positions, displayed in different colors.
It has 6 configurable parameters:
Period – calculation period;
Coefficient – coefficient of stop line deviation from the price
Fast MA period – fast moving average calculation period
Fast MA method – fast moving average calculation method
Slow MA period – slow moving average calculation period
Slow MA method – slow moving average calculation method