OPEN-SOURCE SCRIPT
Iaoriginal
Trend following (CTA/Clenow): requires EMA50 > EMA200 (or < for shorts) and a Donchian breakout (50); ideally with a confirmation breakout (100).
Kleinman MA channel: price breaking above/below the channel bands adds points.
Squeeze / momentum (TTM-like): when the Bollinger Bands “release” from the Keltner Channels and momentum flips through zero, it adds points.
Signal logic: when the total points ≥ the threshold and the trend filter is met, the script draws arrows (LONG/SHORT) and triggers alerts.
Risk: shows an ATR stop line in the relevant direction when the signal fires (visual aid only, not an order).
Kleinman MA channel: price breaking above/below the channel bands adds points.
Squeeze / momentum (TTM-like): when the Bollinger Bands “release” from the Keltner Channels and momentum flips through zero, it adds points.
Signal logic: when the total points ≥ the threshold and the trend filter is met, the script draws arrows (LONG/SHORT) and triggers alerts.
Risk: shows an ATR stop line in the relevant direction when the signal fires (visual aid only, not an order).
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.
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.