UT Bot v2 Source Code - QuantNomad Docs


Script page	UT Bot v2 — ATR Trailing Stop
Script type	Strategy (overlay)
Language	Pine Script v6
License	Mozilla Public License 2.0
Author	© QuantNomad

Script page

UT Bot v2 — ATR Trailing Stop

Script type

Strategy (overlay)

Language

Pine Script v6

License

Mozilla Public License 2.0

Author

How the code is organized

The script is short and split into clearly marked sections:

Section	What it does
Inputs	Defines the settings: multiplier, ATR period, source, backtest range, and display toggles
Calculations	Computes ATR, the trailing stop, and the `buy` and `sell` conditions
Plots	Draws the trailing stop line, trend bar colors, and Buy/Sell labels
Alerts	Sends `UT Bot Buy` and `UT Bot Sell` alerts once per bar close
Strategy	Enters long on Buy and short on Sell, within the backtest date range

The core of the indicator, the trailing stop, is a few lines:

atr = ta.atr(atr_len)
sl_value = mult * atr

tsl_price = 0.0
tsl_price :=  source > tsl_price[1] and source[1] > tsl_price[1] ? math.max(nz(tsl_price[1]), source - sl_value) :
              source < tsl_price[1] and source[1] < tsl_price[1] ? math.min(nz(tsl_price[1]), source + sl_value) :
              source > tsl_price[1] ? source - sl_value :
              source + sl_value

A walkthrough is on How It Works.

View the source in TradingView

General TradingView information. This section describes standard TradingView behavior, not a QuantNomad-specific feature. TradingView updates its interface regularly, so menu names and positions may differ slightly from what you see. When in doubt, check the TradingView Help Center.

From the script page
From your chart

Open the script page and select the Source code tab.

With UT Bot v2 on your chart, hover over its name in the status line and click the Source code icon ({ }). The code opens in the Pine Editor.

Make your own copy

Open the source in the Pine Editor

Follow the steps above.

Create a working copy

In the Pine Editor, use Make a copy from the script name menu. The copy is saved to your own TradingView account.

Edit and add to chart

Make your changes, save, and click Add to chart.

QuantNomad can’t support modified versions. If you publish a modified version, follow the terms of the MPL 2.0 license and TradingView’s House Rules.

​How the code is organized

​View the source in TradingView

​Make your own copy

​Related pages

How the code is organized

View the source in TradingView

Make your own copy

Related pages