PROTECTED SOURCE SCRIPT

TFi Price Action Resampling Filter V1

Updated

The script is resampling the price based on its range/price-action and creates an alternative filter to smoothen price movements.

Overview of features:

Optional stop-loss
Optional flags to control the position entry
Optional flags to control the position exit
Built-in backtesting engine with start balance, position size and pyramiding
Inputs for a percentage entry and exit slippage, entry/exit and daily funding fees
Configurable alerts, which follow the exact position of the entry/exit marker
Alert messages contain predefined trading instruction to execute orders via Alertatron or TradeFab's proprietary trading server

The script renders a status box at the last bar, which shows the current position status and result of the built-in trading simulation results.
It shows the following statistic values:

Current position PnL - also background turns green if position is in profit and red if in loss
Average entry price and number of positions
Current percentage distance to the optional stop-loss level
Current Maximum Draw Down
Overall number of wins and losses and the win/loss ratio
Overall profit and loss amount, paid fees
Overall profit-ratio and Maximum Draw Down
Overall balance and ROI

Release Notes

V1.26 Changes

updated alert options
ROI calculated per year
replaced stats label with table; backtest start 2019=>2018
added long/short option
added SL "Trail" option; added inExitSlLockout option

Protected script

This script is published closed-source and you may privately use it freely.

Want to use this script on a chart?

TradeFab

Thanks Frank, TradeFab LLC

For purchasing/subscribing scripts: tradefab.org/

Find us @
github.com/TradeFab
twitter.com/TradeFab
tradingview.com/u/TradeFab/

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.