Ichimoku Indicator For Stop Loss on Tenkan-Sen Line
Is anyone aware of an indicator for an Ichimoku chart that would work as follows:
A). That would draw a parallel line below the red Tenkan-Sen line when going long . . . and . . . would draw a line parallel above the Tenkan-Sen line when going short.
B). The indicator would need to allow me to adjust the space between parallel lines according to the number of pips that I indicate.
This line would act as a stop loss indicator. So as the Tenkan-Sen line moves I would like the indicator line to parallel by XX number of pips as I decide.
Thanks for any help.
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