The Supertrend is my favorite indicator to use as a trailing stop. You can find it on Tradingview for free. Here is the version I use:

Here are my favorite settings for catching trends on daily charts using the Supertrend indicator:

You can add multiple versions of the Supretrend indicator in trading view with different settings to quickly flip between them.

About the Author

Sam Eder is a currency trader and author of The Consistent Trader and the Advanced Forex Course for Smart Traders (get free access). He is the owner of a provider of Forex signals from ex-bank and industry traders (get a free trial). If you like Sam’s writing you can subscribe to his newsletter or get FREE access to his acclaimed How to Be a More Consistent Trader Short Course.