Length Numeric 5 Number of bars used to determine the average true range. NumATRs Numeric .75 Factor used to calculate a percentage of the average true range, used to
Long and short entry based on a percentage of price movement beyond the average range. Profitable and simple strategy..
hey man.. great strategy..easy and simple.. im not much a programmer but can this script be used on metatrader platform?
mertriver1
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@Macapable, Thank you! I don't know how to do this. Reach more knowledgeable people on Metatrader.
jt_es
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@mertriver1, Is the indicator based on average true range?. how does it work? I am trying to find this indicator for MT4 but no luck.
bnfnffox2
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hey man, excellent job.. easy and simple
can you please elaborate how does the script check for condition for long entry
if (time_cond and not na(close[length]))
strategy.entry("VltClsLE", strategy.long, stop=close+atrs, comment = "VltClsLE")
strategy.entry("VltClsSE", strategy.short, stop=close-atrs, comment = "VltClsSE")
where does the condition for long entry is checked
sahidimag
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@bnfnffox2, its a Stop order which gets triggered when price crosses the price mentioned in the order.
jrm-007
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Thanks for your excellent work. I have a question. How do you force the strategy to exit all open positions at a particular time on every day of trading?
JKinga
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Hey, hope you are well. Really like this tool. Is it possible to get it with alerts??
cosmo62
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Thanks for posting this, very simple for such good results. How can I modify the script so I can create alerts?
mertriver1
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@cosmo62, Sorry for the late response, I don't know, but I will work on it.
suddenFalcon3691
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I need help with pine. I need to turn volty expan close strategy to an indicator that I can create alerts on it. Can you help ?