Elder’s Safe Zone Triple: Three Adaptive Stop-Loss Lines

Summary

Elder’s Safe Zone Triple extends Alexander Elder’s Safe Zone indicator by displaying three lines with separate settings. The stated purpose is to estimate stop-loss levels that remain close enough to price to protect accumulated gains while leaving enough distance to avoid stops triggered by ordinary market noise. The document describes the indicator’s risk-management role, but does not provide examples, trading rules, or evidence that the stops improve results.

Each line has its own calculation period, stop factor, and EMA period used to determine price direction, for nine adjustable parameters in total. This allows the three Safe Zone lines to be configured independently. The source does not specify default values, the exact calculation formula, suitable markets or timeframes, or how to choose among the three stop levels. Traders would need to evaluate those choices and account for execution and gap risk before using the indicator in a strategy.

Key ideas

• The indicator plots three Safe Zone lines with independent settings.\nEach line uses a calculation period, a stop factor, and an EMA period for direction.\nIts intended role is to balance profit protection against premature exits from market noise.\nThe description omits formulas, parameter defaults, and performance evidence.

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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.