UTBot

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Library "UTBot"
is a powerful and flexible trading toolkit implemented in Pine Script. Based on the widely recognized UT Bot strategy originally developed by Yo_adriiiiaan with important enhancements by HPotter, this library provides users with customizable functions for dynamic trailing stop calculations using ATR (Average True Range), trend detection, and signal generation. It enables developers and traders to seamlessly integrate UT Bot logic into their own indicators and strategies without duplicating code.

Key features include:

• Accurate ATR-based trailing stop and reversal detection
  
• Multi-timeframe support for enhanced signal reliability
  
• Clean and efficient API for easy integration and customization
  
• Detailed documentation and examples for quick adoption
  
• Open-source and community-friendly, encouraging collaboration and improvements
  

We sincerely thank Yo_adriiiiaan for the original UT Bot concept and HPotter for valuable improvements that have made this strategy even more robust. This library aims to honor their work by making the UT Bot methodology accessible to Pine Script developers worldwide.

This library is designed for Pine Script programmers looking to leverage the proven UT Bot methodology to build robust trading systems with minimal effort and maximum maintainability.


UTBot(h, l, c, multi, leng)
  Parameters:
    h (float) - high
    l (float) - low
    c (float)-close
    multi (float)- multi for ATR
    leng (int)-length for ATR
  Returns:
    xATRTS - ATR Based TrailingStop Value
    pos - pos==1, long position, pos==-1, shot position
    signal - 0 no signal, 1 buy, -1 sell

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