An ATR-Adaptive Trend Stepper with Stop and Target Exits

Summary

OmniTrend ATR Scalper builds a moving trend line that advances in steps sized from ATR. It uses separate fast and slow step periods, selecting between them according to whether the distance from the close to the line exceeds an ATR-based threshold. A direction change occurs when price moves against the current trend line by a larger ATR multiple. Those reversals trigger long or short entries, subject to a setting that allows both directions or only one side.

The script sets stop and target prices at ATR multiples from the signal close and displays closed-trade win rates for long, short, and combined trades. These are calculated statistics, not evidence of a particular strategy outcome: the document provides no tested market, period, or report values. The script includes assumptions for initial capital, cash order size, and percentage commission, but transaction costs and execution conditions can still affect results. Its long ATR lookback and chosen multipliers are configurable and require evaluation across instruments and timeframes.

Key ideas

• The trend line advances by ATR-scaled steps, with separate step rates for faster and slower movement.
• A larger ATR-scaled move against the current direction triggers a reversal signal.
• The strategy supports both directions, long-only trading, or short-only trading.
• Stop and target levels are set using ATR multiples from the signal close.
• The displayed win rates are calculated from closed trades, and no actual backtest results are supplied.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.