OPEN-SOURCE SCRIPT
lachy momentum bot
Lachy FX Trend Bot
Indicator based on the UT Bot concept, optimized with trend and momentum filters to reduce false signals.
The system uses an ATR Trailing Stop combined with a 200 EMA and an ADX filter to generate BUY and SELL signals only when the market shows clear direction and sufficient momentum.
Designed to keep the chart clean and help traders identify high-probability opportunities across indices, forex, and cryptocurrencies.
Recommended settings:
Key Value 1.8–2.0 | ATR 14 | EMA 200 | ADX > 20
Indicator based on the UT Bot concept, optimized with trend and momentum filters to reduce false signals.
The system uses an ATR Trailing Stop combined with a 200 EMA and an ADX filter to generate BUY and SELL signals only when the market shows clear direction and sufficient momentum.
Designed to keep the chart clean and help traders identify high-probability opportunities across indices, forex, and cryptocurrencies.
Recommended settings:
Key Value 1.8–2.0 | ATR 14 | EMA 200 | ADX > 20
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.