UT Bot Signals Filtered by EMAs, RSI, ADX, Sessions, and Volatility

Summary

This Pine Script combines an ATR trailing stop reversal signal with several filters to generate long and short entries. A long signal requires price to cross above the trailing stop, a bullish alignment of the 50 and 200 period EMAs, RSI above its bullish threshold, sufficient ADX, an allowed market session, and no detected news condition. Short entries apply the inverse trend and RSI criteria. A cooldown prevents signals from occurring too close together.

The script uses time windows for Asian, London, and New York sessions, blocks specified news-related intervals, and also suppresses trading when ATR rises well above its recent average. It sets a fixed order quantity and permits pyramiding, but the supplied excerpt does not show exits, position management, tested markets, or performance results. The conditions describe a rule set rather than evidence of profitability; session interpretation, instrument suitability, slippage, and missing exit logic limit assessment.

Key ideas

• The UT Bot signal is based on price crossing an ATR trailing stop.
• EMA alignment defines the broad bullish or bearish trend direction.
• RSI and ADX thresholds filter entries for directional strength.
• Session windows, volatility spikes, and scheduled time blocks restrict signals.
• The excerpt supplies no exit rules or performance evaluation.

Tags

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