OPEN-SOURCE SCRIPT
Trim Rails Prox - ATR from SMA50
xATR from SMA50 – Trim Rails Pro V1
What it does
This tool plots “xATR rails” above (and optionally below) the Daily SMA50 using Daily ATR as the unit of distance. The classic use: identify “stretched” moves (e.g., +7×, +8× … +12× ATR above SMA50) where you systematically trim into strength. You also get optional intraday helpers (EMA10, SMA20) plus alerts when price crosses each xATR step.
Credit / lineage
Trim plan concept: inspired by the structured scaling/trim approach popularized by Steve Jacobs.
Signal engineering + automation: implemented by Master + Gemini with a share-based, stepwise trim engine and auto-reset logic.
How the rails work
The script computes xATR = (Close − Daily SMA50) / Daily ATR (all on daily data).
It then projects price rails at: SMA50 + (x × ATR) for x = 7, 8, 9, … 15 (you can restrict which ones render).
Optional short-side rails render at SMA50 − (x × ATR).
The Trim Plan (share-based & automatic)
Turn it on in Trim Plan (Steve Jacobs Style):
Original Position (shares) – how many shares you started with (e.g., 1000).
Trim % of Original at each step – percent of the original size to sell each time a level triggers (e.g., 20%).
Trim Levels (xATR above SMA50) – comma list of the rail steps to trim at (default: 7,8,9,10,11,12,15).
Auto-Reset when Daily Close < Daily SMA – when enabled, once daily close drops below the Daily SMA50, all trim flags reset so a new campaign can begin. (You can also toggle Manual Reset.)
Example (20% trims)
Original Position = 1000, Trim % = 20.
Each triggered level sells 200 shares (20% of 1000) regardless of remaining size.
After trims at 7×, 8×, 9× you will have sold 600 shares total; the Trim Panel will show Steps Done and Remain (sh) live.
On each trigger the script drops a label like:
TRIM 2/7 – Sell 200 sh @ $123.45
Tip: Change the list (e.g., 7,8,10,12,15) to widen or compress trims.
Key inputs
Start/End Trim Rail At – render only a window (e.g., 7→12) to reduce clutter.
Show 1–6× Minor Rails – quick visual context for smaller extensions.
Show Short-Side Rails (−N×) – for fading downside extensions.
Show Daily SMA50 / EMA10 / SMA20 – helper references (off by default for a cleaner view).
Alerts (prewired)
Cross 7x … Cross 12x – fires when xATR crosses each threshold upward.
Close < EMA10 / Close < SMA20 – caution exits on momentum cooling.
What’s on screen
Purple rails: major +xATR trim levels (and optional red −xATR rails).
Right-side label: next target rail, price, and distance (%).
Bottom-right Trim Panel: plan on/off, steps completed, and remaining shares.
Notes
Rails & trim logic use daily SMA/ATR for stability; they display on any timeframe.
If you change Original Position or Trim %, your future trims follow the new settings (past labels stay as history).
The plan is share-based (not cash). For option traders, treat “shares” as units and size your trims accordingly.
Happy scaling. Trim with discipline, let trends do the heavy lifting.
What it does
This tool plots “xATR rails” above (and optionally below) the Daily SMA50 using Daily ATR as the unit of distance. The classic use: identify “stretched” moves (e.g., +7×, +8× … +12× ATR above SMA50) where you systematically trim into strength. You also get optional intraday helpers (EMA10, SMA20) plus alerts when price crosses each xATR step.
Credit / lineage
Trim plan concept: inspired by the structured scaling/trim approach popularized by Steve Jacobs.
Signal engineering + automation: implemented by Master + Gemini with a share-based, stepwise trim engine and auto-reset logic.
How the rails work
The script computes xATR = (Close − Daily SMA50) / Daily ATR (all on daily data).
It then projects price rails at: SMA50 + (x × ATR) for x = 7, 8, 9, … 15 (you can restrict which ones render).
Optional short-side rails render at SMA50 − (x × ATR).
The Trim Plan (share-based & automatic)
Turn it on in Trim Plan (Steve Jacobs Style):
Original Position (shares) – how many shares you started with (e.g., 1000).
Trim % of Original at each step – percent of the original size to sell each time a level triggers (e.g., 20%).
Trim Levels (xATR above SMA50) – comma list of the rail steps to trim at (default: 7,8,9,10,11,12,15).
Auto-Reset when Daily Close < Daily SMA – when enabled, once daily close drops below the Daily SMA50, all trim flags reset so a new campaign can begin. (You can also toggle Manual Reset.)
Example (20% trims)
Original Position = 1000, Trim % = 20.
Each triggered level sells 200 shares (20% of 1000) regardless of remaining size.
After trims at 7×, 8×, 9× you will have sold 600 shares total; the Trim Panel will show Steps Done and Remain (sh) live.
On each trigger the script drops a label like:
TRIM 2/7 – Sell 200 sh @ $123.45
Tip: Change the list (e.g., 7,8,10,12,15) to widen or compress trims.
Key inputs
Start/End Trim Rail At – render only a window (e.g., 7→12) to reduce clutter.
Show 1–6× Minor Rails – quick visual context for smaller extensions.
Show Short-Side Rails (−N×) – for fading downside extensions.
Show Daily SMA50 / EMA10 / SMA20 – helper references (off by default for a cleaner view).
Alerts (prewired)
Cross 7x … Cross 12x – fires when xATR crosses each threshold upward.
Close < EMA10 / Close < SMA20 – caution exits on momentum cooling.
What’s on screen
Purple rails: major +xATR trim levels (and optional red −xATR rails).
Right-side label: next target rail, price, and distance (%).
Bottom-right Trim Panel: plan on/off, steps completed, and remaining shares.
Notes
Rails & trim logic use daily SMA/ATR for stability; they display on any timeframe.
If you change Original Position or Trim %, your future trims follow the new settings (past labels stay as history).
The plan is share-based (not cash). For option traders, treat “shares” as units and size your trims accordingly.
Happy scaling. Trim with discipline, let trends do the heavy lifting.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.