OPEN-SOURCE SCRIPT
Enhanced UT Bot with Long & Short Trades
This Pine Script implements a UT Bot Strategy based on ATR (Average True Range) trailing stop levels to generate buy and sell signals. It features:
Customizable Sensitivity:
Adjust the Key Value and ATR Period to control signal sensitivity.
Trailing Stop Logic:
A dynamic trailing stop tracks price movements based on ATR, switching between buy and sell zones.
Trade Automation:
Uses strategy.entry and strategy.close to automate long and short trades.
Triggers webhook alerts for buy and sell signals (UT Bot Buy and UT Bot Sell).
Visual Signals:
Displays trailing stop levels on the chart.
Plots buy/sell labels when crossover or crossunder events occur.
Webhook Integration:
Supports automated trade execution via webhook alerts.
Ideal for traders looking for a simple yet effective ATR-based trading strategy that works with automated systems like webhook triggers.
Customizable Sensitivity:
Adjust the Key Value and ATR Period to control signal sensitivity.
Trailing Stop Logic:
A dynamic trailing stop tracks price movements based on ATR, switching between buy and sell zones.
Trade Automation:
Uses strategy.entry and strategy.close to automate long and short trades.
Triggers webhook alerts for buy and sell signals (UT Bot Buy and UT Bot Sell).
Visual Signals:
Displays trailing stop levels on the chart.
Plots buy/sell labels when crossover or crossunder events occur.
Webhook Integration:
Supports automated trade execution via webhook alerts.
Ideal for traders looking for a simple yet effective ATR-based trading strategy that works with automated systems like webhook triggers.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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