OPEN-SOURCE SCRIPT
SWING TRADE
ATR Calculation:
The Average True Range (ATR) is used to measure volatility.
atr_length defines the period over which ATR is calculated default: 14.
Pivot Average:
A 10-day simple moving average pivot avg is calculated using the closing price.
Buy and Sell Signals:
Buy Signal: When the price is above the pivot average plus a multiple of ATR.
Sell Signal: When the price is below the pivot average minus a multiple of ATR.
The atr_multiplier determines how sensitive the buy/sell levels are to price movements.
Visual Elements:
The pivot average is plotted as a blue line on the chart.
Buy and sell signals are plotted as green and red labels below and above bars, respectively.
Strategy Execution:
The strategy enters a long position when a buy signal is triggered.
It exits the long position when a sell signal is triggered.
The Average True Range (ATR) is used to measure volatility.
atr_length defines the period over which ATR is calculated default: 14.
Pivot Average:
A 10-day simple moving average pivot avg is calculated using the closing price.
Buy and Sell Signals:
Buy Signal: When the price is above the pivot average plus a multiple of ATR.
Sell Signal: When the price is below the pivot average minus a multiple of ATR.
The atr_multiplier determines how sensitive the buy/sell levels are to price movements.
Visual Elements:
The pivot average is plotted as a blue line on the chart.
Buy and sell signals are plotted as green and red labels below and above bars, respectively.
Strategy Execution:
The strategy enters a long position when a buy signal is triggered.
It exits the long position when a sell signal is triggered.
Script de código aberto
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Aviso legal
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