Сommunication Custom Trailing Stop Line

Hi ,

I am looking to see if anyone has found or uses an indicator which plots a trailing stop loss line which is based upon pip away from new highs during an uptrend and new lows during a down trend. For example in an uptrend everytime anew high is formed the trailing stop loss line moves in the uptrend direction based upon the users pips input...so say 50 pips... high USDCAD 1.38478 trailing stop automatically moves to 1.37978...new high forms 1.38500 stop line moves to 1.38000