OPEN-SOURCE SCRIPT

Trend Strategy by zdmre

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This Strategy is a trend following indicator. It is plotted on price and the current trend can be determined by its placement vis-a-vis price. It is constructed with just three parameters: Period, Multiplier and Entry/Exit Point with Superformula.

The default parameters are 14 for Average True Range (ATR) and 4 for its multiplier. The average true range (ATR) plays a key role in ‘Trend’ as the indicator uses ATR to compute its value and it signals the degree of price volatility. You should note that any changes to these numbers can affect the use of the Trend indicator.

While you using this indicator, you should not avoid putting your stop loss.

For a long position, you can put stop loss right at the red indicator line. For a short position, you can put it at the green indicator line. You can insert your own settings as well.

Using Trend Strategy along with a stop loss pattern is the best way for earning the best wealth in trading.

There is no best setting for any trading indicator.
版本注释
Visual improvements.
版本注释
Visual improvements.
版本注释
Visual improvements.
Average True Range (ATR)entrypointexitpointformulaTrend AnalysisVolatility

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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