EB/TB V24: Fixed Risk Trend-Following (Elephant Bar / Trend Bar)

Detailed Description
This strategy is designed for active trend capture and robust risk management:
Fixed Risk Position Sizing: Automatically calculates trade quantity based on a defined maximum dollar risk (mlpt_max_risk) and the initial Stop Loss placement.
Trend Identification: Entries are triggered by confirmed Elephant Bars (strong momentum candles) or Trend Bars, filtered by two short-term MAs (MA #1, MA #2) and a long-term MA (MA #3 / MA200) for context.
Dual Exit Management:
Partial Take Profit (50%): Half the position is closed at a fixed profit target (tp_fixed_pct).
Dynamic Trailing SL (50%): The remaining 50% is protected by a Trailing SL that adjusts based on the low/high of subsequent valid EB/TB signals, maximizing trend ride duration.
Emergency Exits:
SAma Exit: Uses the crossing of the price below/above the MA #1 (short period) as a dynamic exit criterion.
180° Reversal: Features an immediate close (Cap8) and reverse (180) entry when a strong, unfiltered opposite raw EB signal appears.
Note: This published version only displays the Moving Averages, the entry signals, and the Take Profit lines for a clean chart view.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact manueldelcura1 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
👉 Patreon: patreon.com/ShinobiTradingLab
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact manueldelcura1 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
👉 Patreon: patreon.com/ShinobiTradingLab