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3ATR Strategy

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Bobby 2025-02-08 10:38:22 -08:00
parent b4ed0c6906
commit ea96a07d17
1 changed files with 11 additions and 27 deletions
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38
pinescripts/Three_ATR_EMA.pine
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@ -1,11 +1,9 @@
//@version=5
strategy(title="3ATR EMA with Targets", shorttitle="3ATR-Target", overlay=true, currency=currency.USD, initial_capital=10000, commission_type=strategy.commission.percent, commission_value=0.1)
strategy(title="3ATR EMA Upper Band TP", shorttitle="3ATR-UpperBand", overlay=true, currency=currency.USD, initial_capital=10000, commission_type=strategy.commission.percent, commission_value=0.1)
// Inputs
ema_length = input.int(21, "EMA Length")
atr_multiplier = input.float(3.0, "ATR Multiplier")
profit_target_1 = input.float(10, "First Profit Target (%)")
profit_target_2 = input.float(20, "Second Profit Target (%)")
trail_percent = input.float(2, "Trailing Stop %")
// Calculations
@ -14,39 +12,30 @@ atr = ta.atr(ema_length)
upper_band = ema + (atr * atr_multiplier)
lower_band = ema - (atr * atr_multiplier)
// Entry Condition (bull market requirement removed)
// Entry Condition
bullish_entry = (close < ema) and
(close[1] <= lower_band[1]) and
(close > close[1])
// Target Prices
// Variables for managing trade logic
var float entry_price = na
var float target_1 = na
var float target_2 = na
var float trail_price = na // Declare trail_price
var float trail_stop = na
var float trail_price = na
var bool trail_active = false
if bullish_entry
entry_price := close
target_1 := entry_price * 1.10 // 10% profit
target_2 := entry_price * 1.20 // 20% profit
trail_active := false
trail_price := na // Reset trail_price on a new entry
// Exit Conditions
trail_activation = close >= upper_band
profit_target_reached = close >= target_2
// Trailing stop logic (activated by upper band touch)
trail_active := trail_active or trail_activation
if trail_active and na(trail_price)
trail_price := high
trail_price := math.max(high, nz(trail_price[1], high))
trail_stop := trail_price * (1 - trail_percent/100)
trail_price := trail_active ? math.max(high, nz(trail_price[1], high)) : na
trail_stop := trail_active ? trail_price * (1 - trail_percent / 100) : na
// Exit strategy
strategy.exit("First Profit", "Long", qty_percent=50, limit=target_1)
strategy.exit("Second Exit", "Long", stop=trail_active ? trail_stop : na, limit=target_2)
strategy.exit("Upper Band TP", "Long", limit=upper_band, stop=trail_stop)
// Entry Execution
if bullish_entry
@ -54,14 +43,9 @@ if bullish_entry
// Visuals
plot(ema, "EMA", color=color.new(#4A90E2, 0))
plot(upper_band, "Upper", color=color.orange)
plot(lower_band, "Lower", color=color.green)
// Plot targets and stops
plot(strategy.position_size > 0 ? target_1 : na, "Target 10%", color=color.gray, style=plot.style_circles)
plot(strategy.position_size > 0 ? target_2 : na, "Target 20%", color=color.gray, style=plot.style_cross)
plot(strategy.position_size > 0 and trail_active ? trail_stop : na, "Trail Stop", color=color.red, style=plot.style_linebr)
plot(upper_band, "Upper Band (TP)", color=color.orange)
plot(lower_band, "Lower Band", color=color.green)
// Entry/exit markers
plotshape(bullish_entry, style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)
plotshape(profit_target_reached, style=shape.xcross, location=location.abovebar, color=color.gray, size=size.small)
plotshape(close >= upper_band, style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small, title="Take Profit")