OPEN-SOURCE SCRIPT
Dual Thrust Trading Algorithm (ps4)
Updated
This is an PS4 update to the popular Dual Thrust trading algorithm posted by me some time ago (tradingview.com/script/xh37Gqcw-dual-thrust-trading-algorithm/). It has been commonly used in futures, Forex and equity markets. The idea of Dual Thrust is similar to a typical breakout system, however dual thrust uses the historical price to construct update the look back period - theoretically making it more stable in any given period.
See: quantconnect.com/tutorials/strategy-library/dual-thrust-trading-algorithm
See: quantconnect.com/tutorials/strategy-library/dual-thrust-trading-algorithm
Release Notes
Major fix. - Added repainting/non-repainting option.
- Fixed the state variable.
- etc.
Release Notes
Upgraded trend identification procedure.Release Notes
Minor fixes, modified Settings menuOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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