This is a true range (TR) based strategy with weighted moving average (WMA) smoothing to remove noise. In addition, it includes a risk management strategy using 4 "safes" in the same operation to always seek to make a profit. This is for evaluation only, and it is not recommended to use with real money. It is a work in progress. I read your comments.
*Past Performance Does Not Guarantee Future Results* *Strategy created for backtesting purposes only. *Backtesting assesses the viability of a trading strategy or pricing model by discovering how it would have played out retrospectively using historical data. * Please be sure to read all updates below as the information below could change with future updates. ...
The Volatility function measures the market volatility by plotting a smoothed average of the True Range. It returns an average of the TrueRange over a specific number of bars, giving higher weight to the TrueRange of the most recent bar. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.