Trailing Stoploss % Based

A minimalistic trend-following indicator that plots a single trailing line based on a user-defined percentage using price highs and lows.

The line:

Trails price in trends

Moves only in the direction of the trend

Flattens when price is not making new highs or lows

Acts as support in uptrends and resistance in downtrends

Useful on all instruments and all timeframes for clean trend tracking and trailing stop management.