🚀 Trendhoo [v5] by @DaviddTech 🤖

** Upgrade to the Boilerplate v5 **


Introducing the highly anticipated v5, built upon the reliable boilerplate foundation. This new version of the TradingView script unlocks a wide array of powerful tools and options, providing you with an exceptional toolkit for constructing your ideal trading strategy. With v5, you'll have access to an extensive range of features designed to enhance your trading experience and help you build strategies that align with your unique goals and preferences. Explore the exciting possibilities and take your trading endeavors to new heights with v5.

[Changelog]
Version 5.0.1 - 8th June 2023

General Bug fixes: This update addresses various bugs and issues present in the previous version, enhancing the overall stability and performance of the script.

Much faster loading speed: Version 5 introduces optimizations that significantly improve the loading speed of the script. You'll experience a smoother and more efficient workflow when working with TradingView.

Optimizer mode: We've added a new mode called "Optimizer" that not only enhances the speed of your strategy but also enables trading functionality. This mode empowers you to fine-tune your strategy parameters and evaluate their impact on performance in real-time.

Dollar-Cost Averaging (DCA) added: DCA functionality has been incorporated into the script, allowing you to implement this popular investment strategy. DCA helps mitigate risks by spreading investments across multiple entry points over time.

External inputs for stop loss: Now you have the flexibility to customize your stop loss levels using external inputs. This enhancement enables you to adjust and optimize your risk management based on your specific trading requirements.

External input for confluence: We've introduced an external input for confluence, enabling you to incorporate additional factors or indicators to reinforce your trading decisions. This feature provides more flexibility and customization to align the strategy with your trading preferences.

We hope these updates and additions in Version 5.0.1 of the TradingView script will enhance your trading experience and enable you to build even more powerful and effective strategies. Should you have any further questions or feedback, please don't hesitate to reach out to our support team. Happy trading!

[Disclaimer]
Please note that the TradingView script provided is for educational purposes only and should not be considered as financial advice. I am a developer, a geek and creator and not a licensed financial advisor. The information provided in the script is based on historical data and assumptions, and there is no guarantee of future performance.

Before using the script or implementing any trading strategies, it is strongly recommended that you conduct your own thorough research and analysis. This includes backtesting the strategy using historical data relevant to your trading instrument and timeframe.

Trading in financial markets carries inherent risks, and you should carefully consider your investment objectives, risk tolerance, and financial situation before making any trading decisions. The use of the TradingView script is at your own discretion and risk. I cannot be held responsible for any gains or losses incurred as a result of using the script.

Furthermore, please be aware that market conditions can change rapidly, and past performance is not indicative of future results. Always exercise caution and make informed decisions based on your own judgment and understanding of the market.

If you require professional financial advice, it is recommended that you consult with a qualified financial advisor who can provide personalized guidance tailored to your specific needs and circumstances.