Aggressive Pullback Indicator

12 sept 2017

This indicator is designed to be used with the rules of Steven Hart's Aggressive Pullback Strategy. It is intended for use on the 4-hour timeframe of certain currency pairs, but will work on all timeframes and instruments. The rules are customizable, but the default settings are designed to reflect the rules of Steven's pullback strategy as closely as possible.

To enable alerts: Add the indicator to the chart and create a new alert with the settings Condition: API , Frequency: Once Per Bar (on Close).

Feel free to message me if you have any questions :)

- Matt.

27 jun 2018

Notas de prensa

- Added fractal option for entries to improve signal "quality" (entry candle must be a 3-point fractal)
- Improved signal validity when price is hovering around EMA (according to the strategy rules)
- Implemented optional ATR stop loss algorithm for making stops and targets slightly tighter while still adjusting for volatility.

ATR Stop Loss Algorithm:

If ATR is under 30 then stop loss = 20 pips
If ATR is over 30 but under 50 then stop loss = 30 pips
If ATR is over 50 but under 100 then stop loss = 50 pips
If ATR is over 100 then stop loss = 100 pips

27 jun 2018

Notas de prensa

- Added coloured EMA (optional).

27 jun 2018

Notas de prensa

- Changed alert message for easier editing.

5 jul 2018

Notas de prensa

Changed stops and targets to plot as lines.

5 jul 2018

Notas de prensa

Minor text fixes

5 sept 2018

Notas de prensa

Added 5-decimal precision setting to indicator for better target/SL accuracy.

17 feb 2019

Notas de prensa

Minor improvements

8 may 2019

Notas de prensa

-

Cleaned up the code and simplified the settings interface.

I will be releasing a new-and-improved premium version of this indicator soon with more options and features (the one I use in my own personal trading).

Check my website for more information - zenandtheartoftrading.com/indicators

1 oct 2020

Notas de prensa

Converted to Pine Script version 4 and optimized code

1 feb 2022

Notas de prensa

Updated to Pine Script v5