UnknownUnicorn1946597

ATR SL Buy/Sell w/ SMAs

Firstly I'd like to state that this script's ATR buy/sell source is from the public script library here:
Additionally with the buy/sell signals from the original script, two more buy/sell conditions were added to give more entries/scaling in or out options. On top of that, two SMA lines were added, a 1 day moving average and a 5 day moving average.

This script is more so designed for scalping/scaling in and out of positions already made.

The SMAs add a level of confidence to the entry order, buy/sell triggers are not based on these SMAs .

For the confirmation on the entry, ideally you want a bullish cross on the SMAs , as well as the color of the SMA to correlate to the buy/sell color.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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