Originally based on a script by HPotter for an ATR Trailing Stop, which itself was based on an article by Sylvain Vervoort, but I adapted it to add Bands, to add extra optional Wick Protection, and have now made it a Strategy. It's not great for entries/exits, but as a Trailing Stop that can let winners ride, it's great.
Is there a non-wick protection version strategy script to compare and contrast with?
rthomson
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@SparkyFlary, just set upperwick and lowerwick to 0 on lines 18 and 19
perx
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Nice work there. Is it possible to put signals on it?
rthomson
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@perx, As in my description, its not a great entry, but only really good for a safe trailing stop.
perx
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@rthomson, tnx man really appreciate your work, I would love to have signals... if its not too much hussle. Tnx man~!
rthomson
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@perx, I don't use this for signals, purely for risk management. I suggest looking at some other strategies, including my own, for entries or directional bias.