## Enhanced UT Bot Alerts PineScript Code
This code is a PineScript study that provides Enhanced UT Bot Alerts and can be used to generate long and short trading signals based on various technical indicators and conditions.
**Inputs**
The script has several input parameters that can be adjusted to customize the trading strategy:
* `a`: Key value that changes the sensitivity of the ATR Trailing Stop
* `c`: ATR Period
* `h`: Use Heikin Ashi Candles for signals (true/false)
* `upperThreshold`: Upper VRI Threshold
* `lowerThreshold`: Lower VRI Threshold
* `highVolumeThreshold`: High Volume Threshold
**Calculations**
The script calculates several values, including:
* `xATR`: ATR value
* `nLoss`: Loss value based on ATR and `a`
* `src`: Source price (Heikin Ashi Candle price if `h` is true)
* `xATRTrailingStop`: ATR Trailing Stop value
* `pos`: Position tracking (1 for long, -1 for short, 0 for neutral)
**Signals Generation**
The script generates long and short signals based on the following conditions:
* Buy signal: `src` is greater than `xATRTrailingStop`, `ema` crosses above `xATRTrailingStop`, and either high volume or VRI is above the upper threshold
* Sell signal: `src` is less than `xATRTrailingStop`, `ema` crosses below `xATRTrailingStop`, and either high volume or VRI is below the lower threshold
**Plots and Alerts**
The script plots the long and short signals as shapes on the chart and triggers alerts when the signals are generated.
PDFClean.ai
Mini tools
