Trailing Stop types used in this indicator are:
- ATR - plain ATR based supertrend
- Breakout - ATR based supertrend combined with breakout. (Trailing triggered only if price change is higher than HighPriceChange multiplier times ATR.
- Pivot Points - Trail only when new created. stop multiplier is used below low.
- Combined - Combine everything together
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
Join tradingview: https://www.tradingview.com/gopro/?share_your_love=sudh
It is delayed painting rather than repainting. Once pivots are formed, it will not change that.