Multi-Indicator Trend Scoring with ATR Risk Controls and Partial Exits
Summary
This TradingView strategy combines a weighted directional reading of recent price changes with trend, momentum, volume, and volatility filters. It also scores bullish and bearish bias using VWAP, RSI, MACD, EMA alignment, ADX, volume, and a confirmed five-minute RSI reading. Configurable thresholds, session filters, and signal rules govern entries; higher-timeframe inputs are described as using confirmed bars to reduce repainting. The shown configuration enables longs and disables shorts, while allowing that choice to be changed.
Trade management uses an ATR-based initial stop, optional trailing stop, and up to five partial profit targets, alongside minimum holding rules and responsive exits. The script sets commission and slippage assumptions and displays statistics such as closed trades and win rate, but the excerpt does not provide actual audited performance results; one input notes weak short-side profit factor in an audit without enough context to assess it. The implementation is extensive and highly parameterized, so results depend on market, timeframe, settings, execution assumptions, and validation beyond the supplied code.
Key ideas
- Recent up and down price changes are weighted to estimate directional preference, confidence, and momentum.
- A seven-component indicator score compares bullish and bearish conditions across price, momentum, trend, and volume signals.
- Trend, higher-timeframe, volume, ATR, candle, session, and signal-threshold filters can gate trades.
- Risk controls include an ATR stop, optional trailing stop, and staged partial profit targets.
- The excerpt provides strategy settings and displayed performance metrics but no complete performance report or validation details.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.