Score-Armed ATR Stop Entries with EMA Trend and Volume Filters

Summary

This strategy scores long and short setups using four conditions: price relative to a 200-period EMA, volume relative to its moving average, RSI thresholds, and the current candle's direction. When a score reaches a configurable minimum, it places a stop entry 1.5 ATR above the bar's high for a long or below its low for a short. The script draws the proposed levels and a shaded range, and displays the EMA and score status. It uses percent-of-equity sizing and processes orders on bar close.

The available source ends partway through its final label logic, and supplies no instrument, timeframe, backtest period, or performance results. The stated scoring components sum to at most ten points per side, while the configurable minimum can be as high as sixteen, which would prevent arming at higher thresholds. The ATR-based levels define entry stops; the excerpt does not show protective exits or a complete risk-management plan. Visual labels and a strategy framework do not establish that the approach is profitable or robust.

Key ideas

• Long and short readiness is determined by a weighted score of trend, volume, RSI, and candle direction.
• A qualifying setup places a stop entry at an ATR offset from the current bar's extreme.
• The chart displays the EMA, proposed entry levels, and a shaded risk-area visual.
• The available score components total no more than ten points, despite a threshold setting that can reach sixteen.
• The excerpt contains no backtest evidence or visible protective exit logic.

Tags

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