This strategy runs on the price chart and enters long when a fast simple moving average crosses above a slow one, and short on the opposite cross, while closing the other side. Entries also need ATR above a filter, a pullback check, a minimum candle-body chang
Strategy · Pine Script v4 · On the chart
ATX-Short-term Strategy with ChBrkStr + Blackflag FTS
This strategy combines channel breakout concepts with an ATR-ADX volatility trailing framework and multi-timeframe moving averages.
GitHub stars8on the repository
Pine versionv4older, still runs
Lines of code473
Settings40inputs
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
ATX-Short-term Strategy with ChBrkStr + Blackflag FTS evaluates trend conditions using configurable moving average types, including SMA, EMA, Hull MA, and Tilson T3, paired with dynamic ATR bands conditioned on ADX directional strength. Entries and exits trigger based on price crossovers and channel violations plotted directly on the main chart. Settings allow users to adjust moving average smoothing, timeframe resolutions, and ADX multipliers. There are no built-in hard stop loss orders by default.
- ADX-conditioned ATR dynamic bands
- Multi-type moving average support including Tilson T3 and Hull MA
- Higher timeframe resolution option
- Dual moving average crossover signals
- Directional color smoothing and bar highlighting
Details
Published by
PipC on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| MA Source | source | ohlc4 | src |
| MA Length | int | 30 | len |
| limitmode | bool | false | limitmode |
| Show Order | bool | false | showOrder |
| ATR | int | 14 | atrLen |
| ATR Multiplier - ADX Rising | float | 3 | m1 |
| ATR Multiplier - ADX Falling | float | 3 | m2 |
| Inverval (i.e. 15, 60, 240, D, W) | string | 60 | dintval |
| Use Chart Interval | bool | false | useIntval |
| Band Pip/Tick Size Around Stop | int | 1 | bandHalfWidth |
| Use Band Around Stop? | bool | false | showBand |
| ADX | int | 14 | adxLen |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ADX Threshold | int | 25 | adxThresh |
| ADX Above Threshold uses ATR Falling Multiplier Even if Rising? | bool | true | aboveThresh |
| Use Heikin-Ashi Bars (Source will be ohlc4) | bool | false | useHeikin |
| Use Current Chart Resolution? | bool | true | useCurrentRes |
| Use Different Timeframe? Uncheck Box Above | timeframe | D | resCustom |
| Moving Average Length - LookBack Period | int | 20 | len1 |
| Tilson T3 Factor - *.10 - so 7 = .7 etc. | int | 7 | factorT3 |
| 1=SMA, 2=EMA, 3=WMA, 4=HullMA, 5=VWMA, 6=RMA, 7=TEMA, 8=Tilson T3 | int | 1 | atype |
| Show Price Crossing 1st Mov Avg - Highlight Bar? | bool | false | spc |
| Change Color Based On Direction? | bool | true | cc |
| Color Smoothing - Setting 1 = No Smoothing | int | 2 | smoothe |
| Optional 2nd Moving Average | bool | false | doma2 |
| Show Price Crossing 2nd Mov Avg? | bool | false | spc2 |
| Moving Average Length - Optional 2nd MA | int | 50 | len2 |
| Tilson T3 Factor - *.10 - so 7 = .7 etc. | int | 7 | sfactorT3 |
| 1=SMA, 2=EMA, 3=WMA, 4=HullMA, 5=VWMA, 6=RMA, 7=TEMA, 8=Tilson T3 | int | 1 | atype2 |
| Change Color Based On Direction 2nd MA? | bool | true | cc2 |
| ***You Can Turn On The Show Dots Parameter Below Without Plotting 2nd MA to See Crosses*** | bool | false | warn |
| ***If Using Cross Feature W/O Plotting 2ndMA - Make Sure 2ndMA Parameters are Set Correctly*** | bool | false | warn2 |
| Show Dots on Cross of Both MA's | bool | false | sd |
| Length | int | 10 | lenMA10 |
| Length | int | 20 | lenMA20 |
| Length | int | 50 | lenMA50 |
| Length | int | 200 | lenMA200 |
| Offset | int | 0 | offset |
| leftBars | int | 4 | leftBars |
| rightBars | int | 2 | rightBars |
| Strategy Length | int | 5 | strlength |
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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