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SafeZone Stop


This object is a Trading Indicator. SafeZone Stop was implemented by Brian Brown on November 20, 2009.
The creation of this Technical Analysis trading indicator needed 1 lines.The coding of this Technical Analysis function demanded one line.
The function name is 'safezone' and it is coded using JScript.Net programming language.
It has 2 inputs. The different arguments are:
lookback (Type: Number - Default Value: 0): Lookback: (Default: 20)
coefficient (Type: Number - Default Value: 0): Coefficient: (Default: 2)

Example:
p = safezone(0, 0);

To display the indicator on a chart:
Plot(safezone(0, 0), "SafeZone Stop", colorRed);

Future and Past Bars:
The indicator does not use future bars. It requires no old bars.

Click on this link to download SafeZone Stop

Search terms used to find this trading item include safezone stop, safe zone stop, safe zone indicator, safezone stops, safezone indicator

The trading object is saved under the following categories: Technical Analysis

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.