OPEN-SOURCE SCRIPT
VTS Strategy [Quision]
Overview
This strategy is built on top of BackQuant's Volatility Trend Score indicator, an open-source tool that quantifies trend persistence through a volatility-adjusted trailing structure and a rolling comparison score.
The original indicator answers a critical question: "Is the market trending with conviction, or is it chopping?" - by scoring how consistently an ATR-based trailing level advances over a configurable lookback window. This strategy wraps that core logic into a fully tradeable system with proper risk management, flexible exit modes, and session filtering.
All credit for the core indicator logic goes to BackQuant. This publication adds only the strategy execution layer.
What This Strategy Adds
1. ATR-Based Stop Loss
A dedicated ATR stop loss (independent of the indicator's core ATR) protects every trade with a volatility-scaled risk level. The SL ATR period and multiplier are fully configurable, allowing you to tune risk independently from the signal generation.
2. Risk:Reward Take Profit
The take profit is calculated as a multiple of the stop loss distance.
3. Three Exit Modes
The strategy offers three distinct exit modes to match different trading styles:
- Signal Flip Only, Exits only when the VTS score flips to the opposite regime. No SL/TP. Pure trend-following.
- SL/TP Only, Exits only when the stop loss or take profit is hit. Ignores signal flips. Pure risk management.
- Signal Flip + SL/TP, Both mechanisms are active. Maximum flexibility.
4. Optional Trailing Stop
When enabled, the trailing stop progressively tightens the stop loss as the trade moves in your favor. It only activates after the position is in profit.
5. Session Filter
Restrict trading to specific hours. Configurable timezone support (Exchange, UTC, Europe/Rome, America/New_York, Europe/London, Asia/Tokyo).
Recommended Usage
This strategy works best on instruments with clear trending behavior and sufficient volatility. The VTS core logic excels at filtering out choppy conditions, making it particularly effective on:
Crypto pairs (BTC, ETH)
Gold (XAUUSD)
Major forex pairs
Index futures
Suggested starting settings:
ATR Period: 35, Factor: 1.2
Loop: 1–45 (default)
Long Threshold: 40, Short Threshold: -10 (default)
SL ATR Period: 14, SL Multiplier: 3.0
TP R:R: 6.0
Session: adjust to your instrument's active hours
Important Notes
The core indicator logic is entirely BackQuant's work. Please refer to the original publication for detailed documentation on the scoring mechanism, tuning guidelines, and theoretical foundations.
This strategy is built on top of BackQuant's Volatility Trend Score indicator, an open-source tool that quantifies trend persistence through a volatility-adjusted trailing structure and a rolling comparison score.
The original indicator answers a critical question: "Is the market trending with conviction, or is it chopping?" - by scoring how consistently an ATR-based trailing level advances over a configurable lookback window. This strategy wraps that core logic into a fully tradeable system with proper risk management, flexible exit modes, and session filtering.
All credit for the core indicator logic goes to BackQuant. This publication adds only the strategy execution layer.
What This Strategy Adds
1. ATR-Based Stop Loss
A dedicated ATR stop loss (independent of the indicator's core ATR) protects every trade with a volatility-scaled risk level. The SL ATR period and multiplier are fully configurable, allowing you to tune risk independently from the signal generation.
2. Risk:Reward Take Profit
The take profit is calculated as a multiple of the stop loss distance.
3. Three Exit Modes
The strategy offers three distinct exit modes to match different trading styles:
- Signal Flip Only, Exits only when the VTS score flips to the opposite regime. No SL/TP. Pure trend-following.
- SL/TP Only, Exits only when the stop loss or take profit is hit. Ignores signal flips. Pure risk management.
- Signal Flip + SL/TP, Both mechanisms are active. Maximum flexibility.
4. Optional Trailing Stop
When enabled, the trailing stop progressively tightens the stop loss as the trade moves in your favor. It only activates after the position is in profit.
5. Session Filter
Restrict trading to specific hours. Configurable timezone support (Exchange, UTC, Europe/Rome, America/New_York, Europe/London, Asia/Tokyo).
Recommended Usage
This strategy works best on instruments with clear trending behavior and sufficient volatility. The VTS core logic excels at filtering out choppy conditions, making it particularly effective on:
Crypto pairs (BTC, ETH)
Gold (XAUUSD)
Major forex pairs
Index futures
Suggested starting settings:
ATR Period: 35, Factor: 1.2
Loop: 1–45 (default)
Long Threshold: 40, Short Threshold: -10 (default)
SL ATR Period: 14, SL Multiplier: 3.0
TP R:R: 6.0
Session: adjust to your instrument's active hours
Important Notes
The core indicator logic is entirely BackQuant's work. Please refer to the original publication for detailed documentation on the scoring mechanism, tuning guidelines, and theoretical foundations.
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.
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.