TFi Price Action Resampling Filter V1

TradeFab Updated   
The script is resampling the price based on its range/price-action and creates an alternative filter to smoothen price movements.

Overview of features:
  • Optional stop-loss
  • Optional flags to control the position entry
  • Optional flags to control the position exit
  • Built-in backtesting engine with start balance, position size and pyramiding
  • Inputs for a percentage entry and exit slippage, entry/exit and daily funding fees
  • Configurable alerts, which follow the exact position of the entry/exit marker
  • Alert messages contain predefined trading instruction to execute orders via Alertatron or TradeFab's proprietary trading server

The script renders a status box at the last bar, which shows the current position status and result of the built-in trading simulation results.
It shows the following statistic values:
  • Current position PnL - also background turns green if position is in profit and red if in loss
  • Average entry price and number of positions
  • Current percentage distance to the optional stop-loss level
  • Current Maximum Draw Down
  • Overall number of wins and losses and the win/loss ratio
  • Overall profit and loss amount, paid fees
  • Overall profit-ratio and Maximum Draw Down
  • Overall balance and ROI
Release Notes:
V1.26 Changes
  • updated alert options
  • ROI calculated per year
  • replaced stats label with table; backtest start 2019=>2018
  • added long/short option
  • added SL "Trail" option; added inExitSlLockout option

Thanks Frank, TradeFab LLC

For purchasing/subscribing scripts:

Find us @
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?