Profit Maximizer (PMax) calculates a selected moving average—supporting types such as EMA, SMA, ZLEMA, VAR, and TSF—and constructs a trailing band offset by a customizable ATR multiplier. The script plots the moving average and PMax line on the main chart, signaling potential trend shifts when the moving average or source price crosses the PMax band.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
hl2
src
ATR Length
int
10
Periods
ATR Multiplier
float
3.0
Multiplier
Moving Average Type
string
EMA
mav
Moving Average Length
int
10
length
Change ATR Calculation Method ?
bool
true
changeATR
Show Moving Average?
bool
true
showsupport
Show Crossing Signals?
bool
true
showsignalsk
Show Price/Pmax Crossing Signals?
bool
false
showsignalsc
Highlighter On/Off ?
bool
true
highlighting
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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