Range Filter Strategy with ATR TP/SL

How This Strategy Works:
Range Filter:

Calculates a smoothed average (SMA) of price

Creates upper and lower bands based on standard deviation

When price crosses above upper band, it signals a potential uptrend

When price crosses below lower band, it signals a potential downtrend

ATR-Based Risk Management:

Uses Average True Range (ATR) to set dynamic take profit and stop loss levels

Take profit is set at entry price + (ATR × multiplier) for long positions

Stop loss is set at entry price - (ATR × multiplier) for long positions

The opposite applies for short positions

Input Parameters:

Adjustable range filter length and multiplier

Customizable ATR length and TP/SL multipliers

All parameters can be optimized in TradingView's strategy tester

You can adjust the input parameters to fit your trading style and the specific market you're trading. The ATR-based exits help adapt to current market volatility.