OPEN-SOURCE SCRIPT
Ultimate Trend System YC
This is a state-machine-based short-term trend-following script designed for high-frequency precious metals trading.
Multifactor buy & sell signals: Entry and exit are governed by a combination of QQE momentum, SMA trend, multi-timeframe VWAP, and ATR volatility factors, with strict “choppy” market filtering.
Fake signals: Only shows a ‘FAKE’ label when at least two major factors are in conflict and conditions are not choppy, significantly reducing noise.
Trade management: Fully automatic BUY, SELL, and STOP signals with one-way position state; no redundant or cluttered signals.
Info panel: All filter factors and trade state are summarized in a top-right table for transparent decision making.
Visual cues: Background color clearly reflects current market state (bullish, bearish, choppy, or neutral) for easy monitoring.
Optimized for practitioners: Highly robust, well-filtered, and practical for intraday and algorithmic trading in volatile environments.
You can adjust the label size (tiny/small/normal) and parameters as needed.
This indicator is ideal for traders seeking reliable, multi-factor signals with robust filtering and clear trade management.
Multifactor buy & sell signals: Entry and exit are governed by a combination of QQE momentum, SMA trend, multi-timeframe VWAP, and ATR volatility factors, with strict “choppy” market filtering.
Fake signals: Only shows a ‘FAKE’ label when at least two major factors are in conflict and conditions are not choppy, significantly reducing noise.
Trade management: Fully automatic BUY, SELL, and STOP signals with one-way position state; no redundant or cluttered signals.
Info panel: All filter factors and trade state are summarized in a top-right table for transparent decision making.
Visual cues: Background color clearly reflects current market state (bullish, bearish, choppy, or neutral) for easy monitoring.
Optimized for practitioners: Highly robust, well-filtered, and practical for intraday and algorithmic trading in volatile environments.
You can adjust the label size (tiny/small/normal) and parameters as needed.
This indicator is ideal for traders seeking reliable, multi-factor signals with robust filtering and clear trade management.
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.