Multi-Timeframe Trading Zones with ATR Stops and Trend Filters

Summary

This open-source Pine strategy combines weekly, daily, and four-hour price ranges with a simple moving-average trend filter, average true range based stop levels, and Smart Money Concepts style signals. The visible code defines a bullish or bearish bias using price relative to the multi-timeframe highs and lows, marks a fair value gap when the current bar’s high and low extend beyond the corresponding values from two bars earlier, and detects short-term breaks of recent closing-price extremes. It also includes a trading-session filter and settings for risk per trade, reward-to-risk target, and daily trade limits.

The excerpt is incomplete: it ends while constructing the daily zone, before the remaining zone logic, entry and exit conditions, or results are shown. Although inputs suggest ATR-based stops and trade controls, their complete use cannot be verified from the available text. No backtest evidence is supplied. The visible zone calculations request current higher-timeframe highs and lows, so users would need to examine how those levels update and whether the implementation introduces lookahead or repainting concerns before relying on it. Treat this as a partial strategy sketch rather than a validated trading system.

Key ideas

• The script draws price zones from weekly, daily, and four-hour highs and lows.
• A moving average provides a basic directional trend filter.
• ATR multiples define candidate long and short stop levels.
• The visible code includes fair value gap and short-term closing-price breakout conditions.
• The excerpt omits the completed entry and exit logic and supplies no performance evidence.

Tags

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