ATR Reversal Strategy that has been extended to add an additional ATR based stoploss, trailing stop and take profit.
This script was developed as part of a professional development service. It is published for customer verification and acceptance.
For people interested in professional services, please visit the backtest-rookies (.com) website.
Features
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This script plots the daily Average True Range lines low and high for each day. Even when using a lower interval it will continue to plot daily lines.
Some traders find this helpful for day trading and consider these as Support and Resistance. For me I use it to see the reasonable move within a day so I can sell options against, I don't necesarily consider them...
KaseDev Stops implementation for Trendstone
The Kase DevStops are based on volatility, using TrueRange as a proxy.
The major shortcoming of fixed-value trailing stops is in determining what value to use. Many new traders are advised to risk what they can afford. This is like a Gloucester fisherman standing on a bluff overlooking a raging windtossed ocean and...
Indicator make histogram from difference of:
- classic ATR (default period - 14)
- Simple Moving Average (default period - 100) to this ATR.
Histogram colored (green when >0, red <0).
Volatility increase signal - histogram crosses the zero line.
For greater visibility, a colored variable moving average (variable SMA for histogram) was added
(green when...
The code in this post contains a set of default strategy inputs I use in new projects / backtests in Tradingview.
Full code commentary is available on the Backtest-Rookies website. To comply with house rules, I cannot post the direct link here.
Features
Trade Direction: So that you can limit the strategy for long only, short only or trade in both...
This script is designed to aid in back-testing and trade execution.
It displays three sets of values - the teal colored value is the current ATR, the green colored value is your stop loss distance (in pips) below the most recent swing low for long trades , and the red colored value is your stop loss distance (in pips) above the most recent swing high for short...
Simulation of Gunbot PingPong strategy useful for fine tuning settings and backtesting. First load the instrument and chart period you are wanting to trade and note the general low and high prices. You will need these for "dialing in" your PingPong Buy and Sell prices once you load the indicator. Defaults are set for current USDT-BTC prices.
In Pine Editor ->...
