This draws a Trailing Stop Line that is n % off the highs - default is 6%. Once the line is hit, it draws an arrow & changes the line yellow. This is useful to see where a broker placed Trailing Stop trade will stop out, when the order is placed using a specified % drawdown in price. It can also be used to see what may be an optimum % to use for a given symbol. This is currently only setup for LONG positions.
Future enhancements will include a line for SHORT positions.
Future enhancements will include a line for SHORT positions.