Fincandle ATR Direction Tracker

Overview

The Fincandle ATR Direction Tracker is a strategy designed to capture momentum moves in the market using a dynamic ATR-based trailing stop. It identifies strong momentum candles and filters signals using trend alignment with moving averages.

Partial exits allow users to take a portion of profit at a predefined ATR multiple while keeping the remaining position open until the opposite signal occurs.

How It Works

Momentum Detection:

Measures candle body size relative to the Average True Range (ATR).

A candle is considered momentum if its body size exceeds ATR × Multiplier.

Trend Filter:

Uses two moving averages (Fast MA and Slow MA) to determine the market trend.

Bullish trend: Fast MA > Slow MA → long trades allowed

Bearish trend: Fast MA < Slow MA → short trades allowed

Trend filter can be toggled on or off.

ATR Trailing Stop:

A dynamic trailing stop adapts to price volatility.

Crossing above the trail triggers a buy signal, crossing below triggers a sell signal.

Partial Exit / Take Profit:

Step 1: Exit 50% of the position when price moves a configurable multiple of ATR in your favor.

Step 2: Close the remaining position when the opposite signal occurs (e.g., price crosses below/above the ATR trail).

How to Use

Add the strategy to any chart (stocks, indices, forex, crypto).

Configure ATR period, sensitivity, take profit multiple, and moving average lengths to suit the timeframe and asset.

Monitor buy/sell markers and dynamic ATR trail on the chart.

Optional: Set alerts for real-time notifications when signals trigger.

Adjust partial exit multiplier to control risk/reward.

Example Settings

ATR Period: 10

ATR Sensitivity: 3 × ATR

Take Profit: 2 × ATR

Fast MA: 50

Slow MA: 200

Partial Exit: 50% of position at take profit, remaining exits on opposite signal

Key Features

Adaptive ATR trailing stop for volatility-based entries/exits.

Trend alignment filter with Fast/Slow MA.

Partial exit logic for better risk management.

Visual BUY/SELL markers and alerts.

Fully Pine Script v6 compatible.

Disclaimer

This strategy is for educational and analytical purposes only.
It does not guarantee profits. Traders should always use proper risk management.