PC with ATR Strategy (by Zhipengcfel) by zhipengcfel

This strategy came out with the request of @SumitJain and helpful discussion with @Bonavest. The strategy link is here.

I changed a bit. DH and DL use the previous day's high and low to avoid repainting.

The results are not too bad.

But I still suggest not to be used for real auto trading.

Release Notes:

Separate the buy and sell triggered levels, stop loss and take profit levels. Deleted contract numbers in strategy. entry function.

Release Notes:

Optimise parameters for SPX500 daily chart to get best results.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?