OPEN-SOURCE SCRIPT
Rabiah6X
This homemade custom indicator enhances the classic UT Bot by adding automated Risk-to-Reward profit targets (1:2, 1:3, and 1:4) directly on the chart. It also includes a built-in 21-period Double Exponential Moving Average (DEMA) overlay to help confirm trend direction, saving you an extra indicator slot.
Key Features:
* Adjustable UT Bot sensitivity (Key Value & ATR Period).
* Optional Higher Timeframe (HTF) and Volume filters to avoid false signals.
* Visual P1, P2, and P3 profit-taking flags to secure gains.
* DEMA 21 line for baseline trend analysis.
Key Features:
* Adjustable UT Bot sensitivity (Key Value & ATR Period).
* Optional Higher Timeframe (HTF) and Volume filters to avoid false signals.
* Visual P1, P2, and P3 profit-taking flags to secure gains.
* DEMA 21 line for baseline trend analysis.
Open-source script
In true PulseWire 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.