Channel Trailing SX (Strategy)Analysis Techniques & Strategies
Channel Trailing SX (Strategy)| Name | Type | Default | Description |
| Length | Numeric | 3 | Number of bars used to calculate the highest price. |
| FloorAmt | Numeric | 1 | The profit amount (in dollars) that must be exceeded before the order can be placed. |
| PositionBasis | True/False | False | True/False trigger allowing you to calculate profit either per position or per share. To calculate profit per position, enter True. |
Short exit based on a trailing price value.
This strategy is a trailing stop that places a stop order for the next bar at the highest price of the last Length (Input) number of bars. It remains active until the position is closed out.
Order Name: TrailSX
Related Strategy: Channel Trailing LX
Related Function(s): HighestFC
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