OPEN-SOURCE SCRIPT
Updated Dual Thrust Trading Algorithm (ps4)

This is an PS4 update to the popular Dual Thrust trading algorithm posted by me some time ago (tradingview.com/script/xh37Gqcw-dual-thrust-trading-algorithm/). It has been commonly used in futures, Forex and equity markets. The idea of Dual Thrust is similar to a typical breakout system, however dual thrust uses the historical price to construct update the look back period - theoretically making it more stable in any given period.
See: quantconnect.com/tutorials/strategy-library/dual-thrust-trading-algorithm
See: quantconnect.com/tutorials/strategy-library/dual-thrust-trading-algorithm
Release Notes
Major fix. - Added repainting/non-repainting option.
- Fixed the state variable.
- etc.
Release Notes
Upgraded trend identification procedure.Release Notes
Minor fixes, modified Settings menuOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.