Trend Agreement Scalping with Range Filters and ATR Stops

Summary

The script describes a scalping strategy that combines a range filter, smoothed Heikin-Ashi candles, and higher-timeframe Heikin-Ashi direction to seek agreement before trading. An SMI filter is intended to avoid entering after an already extended move. The visible settings allow both long and short trades, with a direction selector and a cooldown after exits.

Risk controls include an ATR-based trailing stop, an optional take-profit level expressed as a risk multiple, and an option to exit when the range filter turns against the position. Position sizing is based on a chosen percentage of equity, subject to a leverage cap. The source excerpt ends partway through the indicator calculations, so the full entry and exit logic cannot be checked here. It provides no performance results or backtest evidence; users would need to validate the complete implementation with realistic costs and market data.

Key ideas

• The strategy seeks agreement among a range filter, smoothed Heikin-Ashi candles, and higher-timeframe Heikin-Ashi direction.
• An optional SMI filter is intended to screen out entries after extended moves.
• The script includes an ATR-based trailing stop and optional take-profit and range-flip exits.
• Risk settings include equity-based position sizing, a leverage cap, and a post-exit cooldown.
• The excerpt omits the complete signal logic and reports no evidence of trading performance.

Tags

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