It is a simple and effective tool for trading on moving averages. The main advantage is that an ATR-based risk management system is included here. The system is based on the work of FullTimeTradingRu and the FBMA indicator tradingview.com/script/2lwYNmF2-fbma
How to use the system:
1. I recommend using a daily timeframe. 2. Look for a rebound from the moving average, the most effective 20 Ema. For convenience, the colors of the bars are painted green in an uptrend. 3. Enter the transaction using hints. The recommended number of shares to buy is indicated in the table, taking into account your deposit and the risk per transaction from the deposit (by default 1%). Stop 1.5 ATR. Everything is the same for opening short positions. 4. I recommend entering the second trade only if the previous one passed 0.5 ATR, thereby confirming the trend and the fact that you correctly guessed the movement.
There are ATR settings in the script Last bar show — How many bars to show ATR lines ATR Step — For a more convenient view, ATR lines can be turned into a ladder.
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— Grouping in the menu — ATR display for Long/Short — Removed the possibility of a ladder for ATR (essentially a useless function) — Added currency selection — Fix bugs
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Bug fix
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Updated table values for short positions
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Added Indian Rupees Added color selection for 20 ema By default stop is now 1 ATR
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- New bar color view (in the settings it is better to turn off the display of bars, the indicator builds its own display) - New ATR calculation (off by default) - New risk management calculation (off by default) - If you like it send me a small donation, it inspires me for new indicators
thanks