Volty Expan Close LX Strategy

By Samantha Baltodano

TL;DR:

The Volty Expan Close Long Exit (LX) strategy generates Long Exit signals based on the Average True Range (ATR). The signal is generated when the next bar's low price is less than the current close price minus the specified ATR times a factor. If the next open price is lower, it will be used instead.

What Is The Volty Expan Close LX Strategy?

The Volty Expan Close Long Exit (LX) strategy generates Long Exit signals based on the Average True Range (ATR) value: when the next bar's low price is less than the current close by the specified number of ATRs. 

A Long Exit signal is generated for the next bar at the level of the current close price minus ATR times factor (thus emulating a stop order). However, if the next open price is less than this level, the strategy will use it instead.

Test The Volty Expan Close LX Strategy

Great news! 

You can back test this exact strategy on historical data for any of your favorite symbols using TradingView. 

This strategy has already been built and all you have to do is log in and take it for a spin. You can access this indicator here.

If you’re new to back testing and to TradingView, don’t worry. I created a step-by-step guide you can follow to begin testing the Volty Expan Close LX Strategy.

Volty Expan Close LX is just one of many strategies that Archaide automates. For a full list of strategies and studies available click here.

Like what you read? Check out the rest of our content!