This Pine Script implements a UT Bot Strategy based on ATR (Average True Range) trailing stop levels to generate buy and sell signals. It features:
Customizable Sensitivity:
Adjust the Key Value and ATR Period to control signal sensitivity. Trailing Stop Logic:
A dynamic trailing stop tracks price movements based on ATR, switching between buy and sell zones. Trade Automation:
Uses strategy.entry and strategy.close to automate long and short trades. Triggers webhook alerts for buy and sell signals (UT Bot Buy and UT Bot Sell). Visual Signals:
Displays trailing stop levels on the chart. Plots buy/sell labels when crossover or crossunder events occur. Webhook Integration:
Supports automated trade execution via webhook alerts. Ideal for traders looking for a simple yet effective ATR-based trading strategy that works with automated systems like webhook triggers.