This Script uses Parabolic SAR (developed by Welles Wilder) and some Moving Averages to calculate BUY/SELL and Close Buy/Close Sell points. Additionally the script adds Stop Loss line that is calculated by using Average True Range (ATR).
Basically, script checks the Parabolic SAR and gets confirmation from moving averages or parabolic sar of the higher time frame.
You will not be in a position all the time because if there is no comfirmation then you need to wait for it. For example after closing BUY position, if no confirmation from MAs or higher time frame SAR then there will not be short position, or vice versa.
if you use it please comment.
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BTC: 16XRqyS3Vgh1knAU1tCcruqhUrVm4QWWmR