This is a true range (TR) based strategy with weighted moving average (WMA) smoothing to remove noise.
In addition, it includes a risk management strategy using 4 "safes" in the same operation to always seek to make a profit.
This is for evaluation only, and it is not recommended to use with real money.
It is a work in progress. I read your comments.
The Volatility function measures the market volatility by plotting a
smoothed average of the True Range. It returns an average of the TrueRange
over a specific number of bars, giving higher weight to the TrueRange of
the most recent bar.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.