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TrendWay Strategy
📈 TrendWay Strategy – Smart Trend Following Algorithm
The TrendWay Strategy is a powerful trend-following algorithm designed for traders who aim to capture sustained market movements with clarity and precision. Built on the principle of combining volatility with trend strength, this strategy utilizes the Average True Range (ATR) and dynamic support/resistance levels to generate high-probability buy and sell signals.
🔍 Key Features:
ATR-Based Volatility Filter: Adjusts sensitivity based on market volatility using customizable ATR periods and multipliers.
Dynamic Trend Lines: Adapts trailing stop levels based on price action, helping to stay in trends longer and reduce false signals.
Clear Entry/Exit Signals: Visual Buy (🔼) and Sell (🔽) markers provide intuitive decision-making on the chart.
Signal Highlighting Option: Easily switch between visual trend highlighting or a clean chart view.
⚙️ Parameters:
ATR Period (default: 10)
ATR Multiplier (default: 3.0)
Source (e.g., hl2)
Option to toggle ATR method (SMA or standard)
Optional signal markers and trend coloring
✅ Suitable For:
Swing traders and intraday traders
Crypto, forex, and stock markets
Traders looking for a reliable way to trail trends and exit on reversal signals
Note: Like all strategies, TrendWay should be used in conjunction with sound risk management and market awareness. Always backtest and forward-test before using with live capital.
The TrendWay Strategy is a powerful trend-following algorithm designed for traders who aim to capture sustained market movements with clarity and precision. Built on the principle of combining volatility with trend strength, this strategy utilizes the Average True Range (ATR) and dynamic support/resistance levels to generate high-probability buy and sell signals.
🔍 Key Features:
ATR-Based Volatility Filter: Adjusts sensitivity based on market volatility using customizable ATR periods and multipliers.
Dynamic Trend Lines: Adapts trailing stop levels based on price action, helping to stay in trends longer and reduce false signals.
Clear Entry/Exit Signals: Visual Buy (🔼) and Sell (🔽) markers provide intuitive decision-making on the chart.
Signal Highlighting Option: Easily switch between visual trend highlighting or a clean chart view.
⚙️ Parameters:
ATR Period (default: 10)
ATR Multiplier (default: 3.0)
Source (e.g., hl2)
Option to toggle ATR method (SMA or standard)
Optional signal markers and trend coloring
✅ Suitable For:
Swing traders and intraday traders
Crypto, forex, and stock markets
Traders looking for a reliable way to trail trends and exit on reversal signals
Note: Like all strategies, TrendWay should be used in conjunction with sound risk management and market awareness. Always backtest and forward-test before using with live capital.
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.