The Adaptive Laguerre Filter calculates a smoothed, dynamically adjusted trendline plotted directly on the main price chart. It dynamically adjusts its damping factor (alpha) based on recent price range variations and median percentile calculations over a spec
Indicator · Pine Script v5 · On the chart
Hedge Exit Algo
Hedge Exit Algo provides position sizing and lot calculations for forex and precious metals hedging strategies.
Repaints
GitHub stars5on the repository
Pine versionv5runs as is
Lines of code331
Settings3inputs
LicenceNone stated
Last update2 years ago12 May 2024
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
Hedge Exit Algo evaluates pip values, currency conversion rates, and profit targets relative to account balance. The script defines custom lot sizing routines alongside exponential moving average crossovers and ATR for basic entry conditions and take profit or stop loss target setting. Inputs allow configuration of initial account balance and desired profit percentages. Designed as an overlay indicator for price charts.
- Forex and metal position size calculations
- Multi-currency conversion rate handling
- EMA crossover entry condition logic
- Configurable account balance and profit target settings
Details
Published by
jerryinyang on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages
Markets
Forex, Gold
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Account Balance | float | 10000 | i_balance |
| Method for Calculating the Desired Profit | string | Profit % of Account Balance | i_profit_meth |
| Risk or Profit Amount | float | 1 | i_profit |
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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