INVITE-ONLY SCRIPT
QaSH Linear Regression + SuperTrend
Updated
This script uses linear regression and standard deviation measurements to trigger entries and calculate placement of TP and SL prices. A larger linear regression line will provide the market trend, while a smaller linear regression line will look for pullback entries within the larger trend. Up to 10 orders can run in parallel as a form of pyramiding in and out of a position. The supertrend is used as an additional filter for trend confirmation.
Trend following and mean reversion entries can be used per your preference. Several other entry filters are available for confirmation.
The stoplosses can be moved to breakeven during a trade, and an alert will be sent that includes the exact order ID that needs to be moved, and to what price. This is an advanced feature that is very powerful when used with a capable automation service.
Trend following and mean reversion entries can be used per your preference. Several other entry filters are available for confirmation.
The stoplosses can be moved to breakeven during a trade, and an alert will be sent that includes the exact order ID that needs to be moved, and to what price. This is an advanced feature that is very powerful when used with a capable automation service.
Release Notes
added max drawdown inputRelease Notes
added placeholder for syminfo.mintick in alert messages. This will be used for limit loops in an automation serviceRelease Notes
Added support for % risk of equity position sizingRelease Notes
minor fix for plots on the chart not updating when they shouldRelease Notes
added placeholder in alert messages for closing all positions Release Notes
minor typo fixesRelease Notes
added some placeholders in alert messages
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ParabolicValue for more information, or follow the author's instructions below.
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