: A system that provides dynamic trailing stop-loss levels, designed to keep traders in winning trends while exiting quickly when a reversal occurs. Core Strengths
: A unique tool designed to quantify the strength of a trend rather than its direction, helping traders distinguish between trending and range-bound markets. New Concepts in Technical Trading System
The book is most famous for debuting several "classic" tools that revolutionized how traders quantify market movement: : A system that provides dynamic trailing stop-loss