multiple strategies in trading view

Hullo traders

Here we go once more.... with some other strategy snippet.
Reminder: it's an alternative of this Trailing Stop strategy book

Entry logic

The accounting entry is supported on a Simple Moving Averages ( SMA ) ill-tempered.
This part doesn't matter Hera - as I wanted to concenter on the ATR multiple stop loss component.

ATR STOP

This strategy snippet uses an entry stop loss defined based on a multiplex of the average true range value.
The soure code detects ATR value at entry price, applies the multiplier factor and will set a static (= not trailing) stop-loss to each pose
A pinescript v4 label will appear for from each one new point displaying the ATR*multiplier value at signal time

All the BEST
Dave

In literal TradingView spirit, the author of this script has published IT ASCII text file, so traders can understand and verify it. Cheers to the writer! You may use of goods and services it for free, but reuse of this code in a publication is governed by House Rules. You can favourite it to use it on a chart.

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