ATR Based Strategy

Identify the ATR range on Daily Chart .
ATR HIGH= Previous Close +ATR
ATR Low =Previous Close - ATR

Long when Close is above ATR High
Short when Close is below ATR Low

Exit when close moves below EMA (10) OR
a user-selected max loss
Release Notes: Update Dynamic Selection of EMA
Typical price Line
trade on typical price options
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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