Phenom

It is a simple and effective tool for trading on moving averages.
The main advantage is that an ATR-based risk management system is included here. The system is based on the work of FullTimeTradingRu and the FBMA indicator

How to use the system:

1. I recommend using a daily timeframe.
2. Look for a rebound from the moving average, the most effective 20 Ema. For convenience, the colors of the bars are painted green in an uptrend.
3. Enter the transaction using hints. The recommended number of shares to buy is indicated in the table, taking into account your deposit and the risk per transaction from the deposit (by default 1%). Stop 1.5 ATR. Everything is the same for opening short positions.
4. I recommend entering the second trade only if the previous one passed 0.5 ATR, thereby confirming the trend and the fact that you correctly guessed the movement.

There are ATR settings in the script
Last bar show — How many bars to show
ATR lines ATR Step — For a more convenient view, ATR lines can be turned into a ladder.

ملاحظات الأخبار:

— Grouping in the menu
— ATR display for Long/Short
— Removed the possibility of a ladder for ATR (essentially a useless function)
— Added currency selection
— Fix bugs

ملاحظات الأخبار:

Bug fix

ملاحظات الأخبار:

Updated table values for short positions

ملاحظات الأخبار:

Added Indian Rupees
Added color selection for 20 ema
By default stop is now 1 ATR

ملاحظات الأخبار:

- New bar color view (in the settings it is better to turn off the display of bars, the indicator builds its own display)
- New ATR calculation (off by default)
- New risk management calculation (off by default)
- If you like it send me a small donation, it inspires me for new indicators

ملاحظات الأخبار:

-- Hot fix