OPEN-SOURCE SCRIPT
Dee MTF ATR Strategy + Alert (3 TPs)
Dee MTF ATR Strategy follows these 7 clear, mechanical rules for entries, exits, and risk.
Entry Rules
Long Entry (Strong Buy)
Condition 1: LTF Supertrend is bullish (price above LTF Supertrend line).
Condition 2: HTF Supertrend is bullish (higher timeframe Supertrend direction = +1).
Condition 3: Fast SMA(8) ≥ Slow SMA(9) (momentum alignment).
Execution: Enter long at next bar’s open after all 3 conditions align.
Short Entry (Strong Sell)
Condition 1: LTF Supertrend is bearish (price below LTF Supertrend line).
Condition 2: HTF Supertrend is bearish (higher timeframe Supertrend direction = -1).
Condition 3: Fast SMA(8) ≤ Slow SMA(9) (momentum alignment).
Execution: Enter short at next bar’s open after all 3 conditions align.
Position rules: Only 1 position at a time (no pyramiding). No entry if already in a trade.
Exit Rules
For Long Trades
SL: Entry price - (ATR × 1.5) → dynamic trailing stop.
TP1: Entry price + (1.0 × Risk Distance) → exit 33% of position.
TP2: Entry price + (2.0 × Risk Distance) → exit 33% of position.
TP3: Entry price + (3.0 × Risk Distance) → exit 34% of position.
For Short Trades
SL: Entry price + (ATR × 1.5) → dynamic trailing stop.
TP1: Entry price - (1.0 × Risk Distance) → exit 33% of position.
TP2: Entry price - (2.0 × Risk Distance) → exit 33% of position.
TP3: Entry price - (3.0 × Risk Distance) → exit 34% of position.
Risk Distance = |Entry - SL| (so TP1 = 1R, TP2 = 2R, TP3 = 3R).
Risk Management Rules
Position Size:
Fixed: fixedQty contracts (default 1.0).
OR Risk‑based: Size so that SL hit = riskUsdPerTrade (default $100).
Commission: 0.01% per side (adjustable).
Order fill: On bar close (avoids intrabar repainting).
Visual Confirmation Checklist
When you see a SB (Strong Buy) triangle:
Blue HTF Supertrend line should be flat/up (not down).
Green LTF Supertrend line should be below price.
SMA(8) line above or touching SMA(9) line.
When you see a SS (Strong Sell) triangle:
Blue HTF Supertrend line should be flat/down (not up).
Red LTF Supertrend line should be above price.
SMA(8) line below or touching SMA(9) line.
Example Trade Plan (5m NAS100)
Strong Buy signal appears at 1.7500:
Entry: 1.7500
ATR(10): 0.0020
SL: 1.7500 - (1.5 × 0.0020) = 1.7470 (Risk = 30 points)
TP1: 1.7500 + (1 × 30) = 1.7530 (33% out)
TP2: 1.7500 + (2 × 30) = 1.7560 (33% out)
TP3: 1.7500 + (3 × 30) = 1.7590 (34% out)
Strategy Logic Summary
Core idea: Trade only when LTF momentum aligns with HTF trend, using ATR for objective risk/reward scaling.
Edge assumption: HTF trend filter reduces whipsaws, LTF momentum catches pullbacks into trend, 3R scaling captures trend continuation.
Entry Rules
Long Entry (Strong Buy)
Condition 1: LTF Supertrend is bullish (price above LTF Supertrend line).
Condition 2: HTF Supertrend is bullish (higher timeframe Supertrend direction = +1).
Condition 3: Fast SMA(8) ≥ Slow SMA(9) (momentum alignment).
Execution: Enter long at next bar’s open after all 3 conditions align.
Short Entry (Strong Sell)
Condition 1: LTF Supertrend is bearish (price below LTF Supertrend line).
Condition 2: HTF Supertrend is bearish (higher timeframe Supertrend direction = -1).
Condition 3: Fast SMA(8) ≤ Slow SMA(9) (momentum alignment).
Execution: Enter short at next bar’s open after all 3 conditions align.
Position rules: Only 1 position at a time (no pyramiding). No entry if already in a trade.
Exit Rules
For Long Trades
SL: Entry price - (ATR × 1.5) → dynamic trailing stop.
TP1: Entry price + (1.0 × Risk Distance) → exit 33% of position.
TP2: Entry price + (2.0 × Risk Distance) → exit 33% of position.
TP3: Entry price + (3.0 × Risk Distance) → exit 34% of position.
For Short Trades
SL: Entry price + (ATR × 1.5) → dynamic trailing stop.
TP1: Entry price - (1.0 × Risk Distance) → exit 33% of position.
TP2: Entry price - (2.0 × Risk Distance) → exit 33% of position.
TP3: Entry price - (3.0 × Risk Distance) → exit 34% of position.
Risk Distance = |Entry - SL| (so TP1 = 1R, TP2 = 2R, TP3 = 3R).
Risk Management Rules
Position Size:
Fixed: fixedQty contracts (default 1.0).
OR Risk‑based: Size so that SL hit = riskUsdPerTrade (default $100).
Commission: 0.01% per side (adjustable).
Order fill: On bar close (avoids intrabar repainting).
Visual Confirmation Checklist
When you see a SB (Strong Buy) triangle:
Blue HTF Supertrend line should be flat/up (not down).
Green LTF Supertrend line should be below price.
SMA(8) line above or touching SMA(9) line.
When you see a SS (Strong Sell) triangle:
Blue HTF Supertrend line should be flat/down (not up).
Red LTF Supertrend line should be above price.
SMA(8) line below or touching SMA(9) line.
Example Trade Plan (5m NAS100)
Strong Buy signal appears at 1.7500:
Entry: 1.7500
ATR(10): 0.0020
SL: 1.7500 - (1.5 × 0.0020) = 1.7470 (Risk = 30 points)
TP1: 1.7500 + (1 × 30) = 1.7530 (33% out)
TP2: 1.7500 + (2 × 30) = 1.7560 (33% out)
TP3: 1.7500 + (3 × 30) = 1.7590 (34% out)
Strategy Logic Summary
Core idea: Trade only when LTF momentum aligns with HTF trend, using ATR for objective risk/reward scaling.
Edge assumption: HTF trend filter reduces whipsaws, LTF momentum catches pullbacks into trend, 3R scaling captures trend continuation.
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.