Source-Code

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © zeubetella

//@version=5
indicator("Trailing Stop", overlay = true)

input_01   = input.int(2, 
                     title   = "Number of occurrences of the condition", 
                     minval  = 1, 
                     step    = 1, 
                     tooltip = "How many times should the condition 'Low Value < Previous Low Value' be met for the line color to turn red?")

trail_cond = low > low[1]

trail_stop = ta.valuewhen(trail_cond, low, input_01)

plot(trail_stop, 
     title = 
     "Trail Stop Line", 
     color = close > trail_stop ? color.rgb(0, 255, 8) : color.rgb(255, 0, 0))