OPEN-SOURCE SCRIPT

AlphaTrend Strategy – Advanced Trend & Momentum Trading System

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The AlphaTrend Strategy is a powerful trading system designed to capture trend-following opportunities while filtering out low-quality setups.
It combines multiple layers of confirmation, including:

✅ AlphaTrend entry & exit signals based on dynamic ATR and MFI calculations
✅ Trend filter with customizable moving averages (SMA, EMA, WMA, VWMA, HMA)
✅ Momentum filter using ADX with optional DI+ / DI– checks
✅ Session-based trading to restrict entries to specific market hours

This script supports both long & short trades, provides session highlights, and plots risk-reward levels for better trade management.
Traders can fine-tune the multipliers, lookback periods, and filters to adapt the strategy across different assets and timeframes.

⚡ Ideal for forex, crypto, and indices where trend-following strategies thrive.

Penafian

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