QaSH Linear Regression + SuperTrend
This script uses linear regression and standard deviation measurements to trigger entries and calculate placement of TP and SL prices. A larger linear regression line will provide the market trend, while a smaller linear regression line will look for pullback entries within the larger trend. Up to 10 orders can run in parallel as a form of pyramiding in and out of a position. The supertrend is used as an additional filter for trend confirmation.
Trend following and mean reversion entries can be used per your preference. Several other entry filters are available for confirmation.
The stoplosses can be moved to breakeven during a trade, and an alert will be sent that includes the exact order ID that needs to be moved, and to what price. This is an advanced feature that is very powerful when used with a capable automation service.
Trend following and mean reversion entries can be used per your preference. Several other entry filters are available for confirmation.
The stoplosses can be moved to breakeven during a trade, and an alert will be sent that includes the exact order ID that needs to be moved, and to what price. This is an advanced feature that is very powerful when used with a capable automation service.
Release Notes:
added max drawdown input
Release Notes:
added placeholder for syminfo.mintick in alert messages. This will be used for limit loops in an automation service
Release Notes:
Added support for % risk of equity position sizing
Release Notes:
minor fix for plots on the chart not updating when they should
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added placeholder in alert messages for closing all positions
Release Notes:
minor typo fixes
Release Notes:
added some placeholders in alert messages