Selectible Exit Indicators
ATR bands, ATR labels for TP and TSL (1x and 1.5x ATR).
Indication (White Diamond) where candle is over 1x ATR in size.
Combined QQE Fast & Slow (C1 & C2) confirmations, Candles Grey before Trend Confirmed, change to Normal Colour when Trend established (QQE MOD used for calcualtions).
Continuations signaled by white dot above/below candle (0.9x ATR from Close Signal).
Exit Long and Exit Short signaled by Red and Blue Arrow under/above candle.
Exit indicators (Red/Blue Arrows) only trigger on correct side of Baseline.
Entry indicator shows as Blue Arrow under Long Candle and ontop of Short Candle in direction of trade.
Exit indicators now RED regardless of direction. Shows as Arrow Above or Below candle.
Also shows on Entry on Continuation trades where value is still within ATR Rule.
Added Price for TP/SL/TSL next to ATR values for ease of making orders.
1. Grouped user tuneable inputs - All now in sections for clear setup
2. Default text offset to 15 - TP/SL ATR values moved to right from chart
3. Added Code Section Collapse. Hide/Unhide next to line numbers.
4. Added better description of how to interpret, added this into code header but also added bellow.
// Using NNFX Principles
// Above/Below Baseline represents Long/Short area
// C1 (QQE) & C2 (QQE Historian) combine to show areas of trend
// Grey Candles are areas when trend not established
// Low Volume shows as Red Background
// ATR Bands for Visual Indication Only
// ATR based TP and SL/TSL prices/values to assist Risk Managed position sizing
// Tunable Exit Indicators
// Restrict Entry based on how far price has moved from Baseline (Default 1.5x ATR, Tunable)
// Tunable Continuation Criteria (SSL & ATR Based)
// Entry Indicated by a Blue Arrow Above/Below Candle in Direction of Price Movement
// Exit Indicated by a Red Arrow Above/Below Candle in Direction of Price Movement
// Coders/Modifiers, Code Sections made collapsable. Hide/Unhide indicatior by line number
ATR bands are now set via your TP & SL/TSL ATR multipliers (Default 1xATR & 1.5xATR).
TP Band displays in Blue, and SL/TSL band is in Red.
Blue for Long Entry, Red for Short Entry.
Added LOTS of C1 & C2 indicators, "1 Candle" and "A Bridge" too far rules.
Tidied up code and menus.
ATR Values Test turns Blue for a Long Entry, and Red for a Short Entry to make identifying entries a very quick process.
Alerts simplified simply to Long Entry, Short Entry, Long Exit and Short Exit.
Roadmap for new indicators to be added including WAE and a few others.
Please use my Strategy Version to test your Algo.
New C1 & C2 indictors, new Volume Indicators.
Main differences are;
1. Currency Strength Filter
2. Added Extra C1 & C2 indicators
3. Added extra options to differentiate initial and continuations
4. Changed Text Colour for entry - Blue Long Entry, Red Short Entry, Grey no action, Yellow Exit Position
If you are backtesting Version 30 of the Strategy Tester you need this to use your Algo
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.
I tend to sit down to manually trade in the last hour of the NY session, as my broker uses NY Close.