1 - UT Bot Strategy

UT Bot Indicator

Original indicator from user Yo_adriiiiaan
This is a custom strategy version of the original indicator to be able to backtest settings.

To add to your charts:

1. Copy the script below
   
2. Open Pine Editor on your chart
   
3. Create a new blank strategy
   
4. Paste the code and save
   

It uses the ATR to set dynamic trailing stops, which adjust based on market conditions. Here's how it works:

ATR-Based Trailing Stops: The indicator calculates the ATR over a specified period to gauge market volatility. This helps in setting trailing stops that are neither too tight nor too loose.

Key Parameters:
Key Value: Controls the sensitivity of the trailing stop. A higher value means the stop is less sensitive to price movements.
ATR Period: The lookback period for calculating the ATR.

Signal Generation: When the closing price crosses above the trailing stop, a buy signal is generated. Conversely, a cross below triggers a sell signal.

Customize Settings: Adjust the key value and ATR period to suit your trading style and the asset's volatility.
Backtest Yourself: Use TradingView's built-in backtesting feature to see how the strategy performs with your settings.