UT Bot Alerts

Category: trend, volatility

A trend-following signal generator that utilizes a dynamic trailing stop based on ATR to identify trend reversals and entry points.

Formula

loss = ATR(AtrLen) * AtrCoef \nTrailingStop = \n  IF(Close > PrevStop AND PrevClose > PrevStop) THEN Max(PrevStop, Close - loss)\n  ELSE IF (Close < PrevStop AND PrevClose < PrevStop) THEN Min(PrevStop, Close + loss)\n  ELSE IF (Close > PrevStop) THEN Close - loss ELSE Close + loss\nSignal = Cross(Close, TrailingStop)

Inputs

• AtrCoef (default: 2)
• AtrLen (default: 1)

See signal primitives and every published strategy that uses UT Bot Alerts on WOBR StrategyVerse.