Notes

Write a note in this area. It's really easy to share _SECTION_BEGIN( "Time-Based Exits" );
tn = TimeNum();

MultATR = Param( "ATR Multiplier", 2, 1, 4, 0.5 );
PerATR = Param( "ATR Period", 14, 3, 89, 1 );
_ATR = ATR( PerATR );

//A Simple Demo strategy
Per = Param( "Swing Periods", 15, 3, 144, 1 );
HigherHighs = HHV( H, Per );
LowerLows = LLV( L, Per );
_Buy = Cross( H, Ref( HigherHighs, -1 ) );
_Short = Cross( Ref( LowerLows, -1 ), L );

//Array Initialization
Buy = Sell = Short = Cover = TSL = Null;
LongFlag = ShortFlag = 0; //Simple flags

//Using Loop to generate signals
for( i = 0; i < BarCount; i++ )
{
//Long Positions
if( _Buy[ i ] AND LongFlag == 0 AND tn[ i ] < 144500 )
{
Buy[ i ] = 1;
LongFlag = 1; //To record that we are in Long position
}
if( LongFlag )
{
if( TSL[ i - 1 ] > H[ i ] - _ATR[ i ] * MultATR )
TSL[ i ] = TSL[ i - 1 ];
else
TSL[ i ] = H[ i ] - _ATR[ i ] * MultATR;
}

if( ( _Short[ i ] OR ( L[ i ] < TSL[ i - 1 ] ) OR tn[ i ] >= 144500 ) AND LongFlag == 1 )
{
Sell[ i ] = 1; //Selling-off the Long position
LongFlag = 0; //Reseting LongFlag back to False, to denote that we are no longer in "Long" position
}

//Short Positions
if( _Short[ i ] AND ShortFlag == 0 AND tn[ i ] < 144500 )
{
Short[ i ] = 1;
ShortFlag = 1; //To record that we are in Short position
}
if( ShortFlag )
{
if( TSL[ i - 1 ] < L[ i ] + _ATR[ i ] * MultATR )
TSL[ i ] = TSL[ i - 1 ];
else
TSL[ i ] = L[ i ] + _ATR[ i ] * MultATR;
}

if( ( _Buy[ i ] OR H[ i ] > TSL[ i - 1 ] OR tn[ i ] >= 144500 ) AND ShortFlag == 1 )
{
Cover[ i ] = 1; //Covering the Short position
ShortFlag = 0; //Reseting ShortFlag back to False, to denote that we are no longer in "Short" position
}
}

//Plotting
Plot( C, "", colorDefault, styleBar | styleThick );
Plot( HigherHighs, "Highs", colorDarkGreen, styleDashed | styleNoRescale );
Plot( LowerLows, "Lows", colorBrown, styleDashed | styleNoRescale );

PlotShapes( IIf( Buy, shapeUpArrow, shapeNone ), colorBrightGreen, 0, L, -30 ); //Long Entry
PlotShapes( IIf( Sell, shapeSmallDownTriangle, shapeNone ), colorBrown, 0, H, -15 ); //Long Exit

PlotShapes( IIf( Short, shapeDownArrow, shapeNone ), colorRed, 0, H, -30 ); //Short Entry
PlotShapes( IIf( Cover, shapeSmallUpTriangle, shapeNone ), colorDarkGreen, 0, L, -15 ); //Short Exit

Plot( TSL, "TSL", colorPink, styleThick | styleNoRescale ); //Trailing Stop-Loss
_SECTION_END();with others. Click here ...