OPEN-SOURCE SCRIPT
REVOLD - Fixed & Optimized Entry/Exit Signals
This ATR Stop-Loss & Take-Profit Strategy is a trend-following trading system that dynamically adjusts stop-loss (SL), take-profit (TP), and trailing stop levels based on Average True Range (ATR).
Key Features:
Trend Filter: Uses EMA 50 and ADX > 20 to ensure trades align with strong trends.
Dynamic Risk Management:
Stop-Loss: Adjusts to 1.5 × ATR (configurable).
Take-Profit: Adjusts to 2.5 × ATR (configurable).
Trailing Stop: Moves with price, using ATR-based offset.
Auto Risk Control: Closes all trades if daily net loss exceeds -2% of capital.
Fully Customizable: Traders can modify ATR multipliers, ADX threshold, and trend settings.
📌 Best used in volatile markets to capture strong trend movements while managing risk effectively. 🚀
Key Features:
Trend Filter: Uses EMA 50 and ADX > 20 to ensure trades align with strong trends.
Dynamic Risk Management:
Stop-Loss: Adjusts to 1.5 × ATR (configurable).
Take-Profit: Adjusts to 2.5 × ATR (configurable).
Trailing Stop: Moves with price, using ATR-based offset.
Auto Risk Control: Closes all trades if daily net loss exceeds -2% of capital.
Fully Customizable: Traders can modify ATR multipliers, ADX threshold, and trend settings.
📌 Best used in volatile markets to capture strong trend movements while managing risk effectively. 🚀
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.