Pine Script Part 6: Advanced Techniques, MTF, ATR Stops & Trend Filters

This chapter takes Pine Script into the professional algorithmic trading level.
You will learn how to build systems used by hedge funds, quant desks and advanced algo traders.

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1. Multi-Timeframe (MTF) Analysis

htfEMA = request.security(syminfo.tickerid, "60", ta.ema(close, 50))
ltfEMA = ta.ema(close, 50)
longSignal = close > ltfEMA and close > htfEMA

MTF dramatically improves accuracy.

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2. ATR Stop-Loss

atr = ta.atr(14)
stopLong = close - atr*2
stopShort = close + atr*2

Used in almost all professional systems.

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3. Volatility Filters

volFilter = ta.atr(14) > ta.sma(ta.atr(14), 50)

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4. Trend Filters

trendUp = close > ta.ema(close, 200)
trendDown = close < ta.ema(close, 200)

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5. Slippage & Spread Modeling

strategy.slippage(3)

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6. Noise Reduction

noiseFilter = math.abs(close - open) > ta.atr(14) * 0.2

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7. Full Professional Algo Example

//@version=5
strategy("Pro Algo System", overlay=true)

htfTrend = request.security(syminfo.tickerid, "60", ta.ema(close, 100))
ltfTrend = ta.ema(close, 100)
atr = ta.atr(14)

trendUp = close > htfTrend and close > ltfTrend
trendDown = close < htfTrend and close < ltfTrend

longSignal = ta.crossover(close, ltfTrend)
shortSignal = ta.crossunder(close, ltfTrend)

noiseFilter = math.abs(close - open) > atr * 0.2

if longSignal and trendUp and noiseFilter
    strategy.entry("Long", strategy.long)

if shortSignal and trendDown and noiseFilter
    strategy.entry("Short", strategy.short)

strategy.exit("TP/SL", "Long", stop=close - atr*2)
strategy.exit("TP/SL", "Short", stop=close + atr*2)

plot(ltfTrend)
plot(htfTrend)

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8. Test in Editor

https://sancoqhub.com/go/tradingview

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9. Premium Benefits

https://sancoqhub.com/go/tradingview

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10. Conclusion

You now understand advanced algo design techniques.
Next chapter: Professional Algo Strategy Construction