PMax - Asymmetric Multipliers

Description: This script is an enhanced version of the popular PMax (Profit Maximizer) indicator, originally developed by KivancOzbilgic. It has been converted into a full strategy with advanced customization options for backtesting and trend following.

Key Features & Modifications:

Asymmetric ATR Multipliers: Unlike the standard version, this script allows you to set different ATR multipliers for Upper (Short/Resistance) and Lower (Long/Support) bands.

Default Upper: 1.5 (Tighter trailing for Short positions)

Default Lower: 3.0 (Wider trailing for Long positions to avoid whipsaws)

Expanded MA Types: Added HULL (HMA) and VAR (Variable Index Dynamic Average) options.

VAR is highly recommended for filtering out noise in ranging markets.

HULL is ideal for scalping and faster reactions.

Built-in Risk Management: A fixed 5% Stop Loss mechanism is integrated into the strategy. It protects your capital by closing positions if the price moves 5% against you, even if the trend hasn't reversed yet.

Visibility Fix: Solved the issue where the PMax line would disappear or start at zero in the initial bars.

How to Use:

Use the VAR MA type for trend following in volatile markets.

Adjust the "Stop Loss Percent" input to fit your risk appetite.

The strategy employs an "Always In" logic (Long/Short) but respects the hard Stop Loss.

Credits: Original PMax logic by KivancOzbilgic.