This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart. It enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries
Strategy · Pine Script v5 · On the chart
ATR 2STP Strategy
This strategy calculates dual Average True Range (ATR) trailing stops using two distinct multiplier levels alongside an optional Hull Moving Average (HMA) channel.
GitHub stars8on the repository
Pine versionv5runs as is
Lines of code509
Settings37inputs
LicenceNone stated
Last update4 years ago20 Aug 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
ATR 2STP Strategy identifies market structure shifts and triggers positions when price crosses the primary ATR trailing stop line. Users can enforce exits using a fixed percentage stop loss or rely on the 55-period HMA channel boundary. The script plots ATR trailing lines and HMA bands directly on the main price chart.
- Dual ATR trailing stop levels
- Hull Moving Average (HMA 55) high/low channel
- Configurable percentage stop loss
- Volume profile display controls
Details
Published by
PipC on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Stop Loss Precentage % | float | 5 | stopLossPrecent |
| Stop Below HMA55 | bool | true | stopBelowHMA55 |
| Trading Amount | int | 10000 | tradeMaxAmount |
| nATRPeriod | int | 5 | nATRPeriod |
| nATRMultip | float | 3 | nATRMultip |
| nATRMultip2 | float | 2 | nATRMultip2 |
| Show SMA on chart | bool | false | smaplot |
| sma Length | int | 8 | len2 |
| HMA #H55 | int | 55 | lenH55 |
| HMA Source #H55 High | source | high | sma_srcH55H |
| HMA Source #H55 Low | source | low | sma_srcH55L |
| SMA #5 | int | 5 | lenA |
Show all 37 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| SMA Source #5 | source | close | srcA |
| SMA #20 | int | 20 | lenB |
| SMA Source #20 | source | close | srcB |
| SMA #50 | int | 50 | lenC |
| SMA Source #50 | source | close | srcC |
| EMA #100 | int | 100 | lenD |
| EMA Source #100 | source | close | ema_srcD |
| EMA #200 | int | 200 | lenE |
| EMA Source #200 | source | close | ema_srcE |
| Volume Lookback Depth [10-1000] | int | 200 | vp_lookback |
| Number of Bars [10-500] | int | 500 | vp_max_bars |
| Bar Length Multiplier [10-100] | int | 50 | vp_bar_mult |
| Bar Horizontal Offset [0-100] | int | 50 | vp_bar_offset |
| Bar Width [1-20] | int | 2 | vp_bar_width |
| Delta Type | string | Both | vp_delta_type |
| Show POC Line | bool | true | vp_poc_show |
| Bar Color | color | color.new(color.gray, 80) | vp_bar_color |
| POC Color | color | color.new(color.white, 30) | vp_poc_color |
| VWAP Anchor Lookback (days) | int | 55 | vwapLookbackDays |
| Show Trading Table | bool | true | ShowTradingTable |
| Trading Account Total | float | 10000.0 | TradingAccountTotal |
| Trading Stop Loss Allowance(%) | float | 3 | TradingStopLossAllow |
| Trading Table Layout | string | 2x4 | TradingTableLayout |
| Trading Table Position | string | position.top_right | TradingTablePosition |
| Trading Table Size | string | size.normal | TradingTableSize |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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