this is a modified version of AlphaTrend Strategy with added trailing Stop Loss
this is my first script that I have added to tradingview community
the trailing SL makes it very effective to lower the losses and can improve the overall return
The strategy version of AlphaTrend indicator for backtesting and optimisation purposes for TradingView users:
Screener / Explorer version and an English explantion video will be published soon...
AlphaTrend's parameters are designed for daily and 4H charts, feel free to optimize on all time frames.
Hope you all use Alphatrend in your profitable trades.
I turned the Alpha Trend indicator coded by our teacher Kıvanç Özbilgiç into a strategy. You can find the original version of the indicator here.
It sends trading signals in the regions where AlphaTrend produces Buy and Sell signals. It is a two-way strategy.
Buy Entry Long opens trade, Sell Entry Short opens trade.