Pivot Boss Enhanced with Risk Management

一昨日

This Pine Script combines the classic Pivot Boss strategy with advanced Risk Management techniques to help you manage trades effectively. The script integrates Heikin-Ashi candles, ADX trend analysis, and ATR-based stop-loss and trailing stop levels for enhanced decision-making.

Key Features:

Buy and Sell Signals based on market trend and price action.
ATR-based Dynamic Stop-Loss to adjust to market volatility.
Trailing Stop to lock in profits during trending conditions.
ADX Indicator to identify strong trends for valid entries.
Risk Management Tools to help you control trade risks.
This strategy is designed to keep you in profitable trades while minimizing losses, making it suitable for both beginners and experienced traders. Customize the parameters to fit your trading style and risk tolerance.

Please note: This is an educational script designed to assist with your trading decisions. It is important to test this strategy on demo accounts and adjust parameters according to your own risk profile. Always exercise caution when trading.