Scored Trend Following with Squeeze Breakouts and Risk Controls

Summary

This strategy combines an ATR based trend tracker with a score assembled from trend direction, price and equilibrium relationships, RSI conditions, and directional movement. Entries can require a minimum score and optionally pass additional filters for ADX, RSI, price relative to equilibrium, volume, higher timeframe alignment, cooldown, or consolidation zones. The script also identifies narrow ranges and breakouts, and supports delayed entries after a trend change.

Trade management is configurable: initial stops may follow the tracker, ATR, a percentage, or swing levels; targets can use risk multiples, ATR, or percentages; and trailing stops, opposite trend exits, and position sizing rules are available. The script exposes backtest settings and dashboard measures, but the supplied material contains no strategy report or evidence of profitable results. Outcomes depend on parameter choices, market, and execution assumptions, including configured commission and slippage; the author’s non repainting higher timeframe option uses completed bars.

Key ideas

• A weighted set of trend and momentum conditions forms a directional score for entries.
• Optional filters can require strength, volume, equilibrium positioning, timeframe agreement, or breakout confirmation.
• Range compression identifies consolidation zones that can be used to gate entries or flag breakouts.
• Stops, profit targets, trailing exits, and position sizing are configurable.
• The source includes backtest controls and performance metrics but supplies no evidence establishing strategy effectiveness.

Tags

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