MTF Trailing SL Strategy [QuantNomad]

This is a Multi-Timeframe version of my Trailing SL Strategy.
Few weeks ago I published Trailing SL Strategy. There I used only basic Trailing SL to enter positions.
It worked pretty well so I tried to work on it a bit. I thought what if you can use the same ATR TSL on different timeframes and combine them into one signal.
In this strategy you can use only ATR stops and choose 3 other higher timeframes in addition to your current timeframe.
You'll see Trailing SL plotted on the chart form all these timeframes.

Entry Long position if all 4 time-frames agree on long signal.
Exit Long positions when at least 2 time-frames disagree on long signal.

Entry to Short position if all 4 time-frames agree on Short signal.
Exit from Short positions when at least 2 time-frames disagree on Short signal.

Here is the link to my basic Trailing SL Strategy:

Release Notes

Fixed backtesting range

Release Notes

Updated the way I get the data from Higher Timeframe

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

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Open-source script

QuantNomad

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