ATR Trend Follow for USTEC (Nasdaq 100)

Volatility-adjusted trend following — trail stops by ATR multiples.

Why ATR Trend Follow Works on USTEC

A simple EMA trend with ATR-based exits. Stop and trailing stop scale with the asset's realised volatility, so the same code works on quiet EUR/USD and wild Bitcoin. ATR multipliers (typically 2-3×) are the only parameter you need to tune per market.

Nasdaq 100 (USTEC) is the high-beta cousin of the S&P. Sharper moves, longer trends, deeper drawdowns. Strong momentum and breakout candidate.

Equity indices reflect aggregate corporate earnings, sentiment, and Fed policy. They trend more cleanly than individual stocks and gap less than commodities.

Pine Script Source

Copy this into PineForge — backtest on USTEC or any supported symbol, then deploy as a live bot.

//@version=5
strategy("ATR Trend Follow", overlay=true)

ema_len = input.int(21, "EMA Length")
atr_len = input.int(14, "ATR Length")
atr_mult = input.float(2.5, "ATR Multiplier")

ema = ta.ema(close, ema_len)
atr = ta.atr(atr_len)

long_stop = close - atr * atr_mult

if close > ema and close[1] <= ema[1]
    strategy.entry("Long", strategy.long)

if strategy.position_size > 0
    strategy.exit("Trail", from_entry="Long", stop=long_stop)