This script implements a variation of the Rob Hoffman's Inventory Retracement strategy, with entries being triggered by inventory retracement candles. Various confirmation parameters are available, such as
EMA slope for momentum confirmation
multi-timeframe EMA
multi-timeframe Ehler's mother of all moving averages
volume confirmation
Position management tools include
up to 3 orders can be tracked simultaneously and independently as a method of pyramiding into and out of a position
unique order ID's that pass along into the alert message (for helping the automation service manage positions)
entry filters based on current position profit
entry filters based on entry frequency
trade timers that can end a position after a specified amount of time
moving the stoploss when in profit
various parameters can be passed along into the alerts
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Added an option for using a following adaptive moving average for confirmation
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expanded slope range to 0.01-90 degrees minor visual edit
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Republishing just to update the image and showcase features
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added support for "% risk of equity" order sizing
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added some quantity and leverage placeholders to be used by an automation service