This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities. It enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specifi
Strategy · Pine Script v4 · On the chart
ATR Trailing Stoploss Strategy
This strategy plots an ATR trailing stop on the price chart.
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code21
Settings4inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
21 lines of Pine Script v4 from ATR Trailing Stoploss Strategy.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © ceyhun
//@version=4
strategy("ATR Trailing Stoploss Strategy ",overlay=true)
Atr=input(defval=5,title="Atr Period",minval=1,maxval=500)
Hhv=input(defval=10,title="HHV Period",minval=1,maxval=500)
Mult=input(defval=2.5,title="Multiplier",minval=0.1)
Barcolor=input(true,title="Barcolor")
Prev = highest(high-Mult*atr(Atr),Hhv),barssince(close>highest(high-Mult*atr(Atr),Hhv) and close>close[1])
TS = iff(cum(1)<16 ,close,iff( close > highest(high-Mult*atr(Atr),Hhv) and close>close[1],highest(high-Mult*atr(Atr),Hhv),Prev))
Color=iff(close>TS,color.green,iff(close<TS,color.red,color.black))
barcolor(Barcolor? Color:na)
plot(TS,color=Color,linewidth=3,title="ATR Trailing Stoploss")
Buy = crossover(close,TS)
Sell = crossunder(close,TS)
if Buy
strategy.entry("Buy", strategy.long, comment="Buy")
if Sell
strategy.entry("Sell", strategy.short, comment="Sell")
Expand (26 lines)
Overview
ATR Trailing Stoploss Strategy builds the stop from the highest value of high minus a multiple of ATR over a lookback window, and colors bars green, red, or black relative to that line. It enters long when close crosses above the stop and enters short when close crosses below it, reversing direction. ATR period, lookback, multiplier, and bar coloring are adjustable. There is no separate stop-loss or take-profit exit.
- ATR trailing stop line
- Highest-high lookback window
- Bar coloring by stop side
- Long and short reverse entries
- Adjustable ATR multiplier
Details
Published by
hasnocool on GitHub
Code credit
ceyhun, as written in the script's header
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Atr Period | int | 5 | Atr |
| HHV Period | int | 10 | Hhv |
| Multiplier | float | 2.5 | Mult |
| Barcolor | bool | true | Barcolor |
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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