This strategy combines Bollinger Bands, Bollinger Band Width, and the Relative Strength Index (RSI) for mean-reversion trades. It enters long when price crosses below the lower band with oversold RSI, or when band width contracts under low volatility. Short en
Strategy · Pine Script v4 · Own pane
10PreBuyer
10PreBuyer is a dip-buying strategy that submits limit orders below recent price action using a discounted Hull Moving Average (HMA).
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code18
Settings5inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
18 lines of Pine Script v4 from 10PreBuyer.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// >> 3D 1.2 target, .9 loss
strategy("10PreBuyer", "", 1)
length = input(10)
multiplier = input(0.90, step=0.01)
highest = input(2)
prof_trg_perc = input(1.2, "Prof TRG %", step=0.05)
loss_trg_perc = input(0.9, "Loss TRG %", step=0.05)
teemo = highest(hma(high, length), highest) * multiplier // teemo
strategy.entry("enter", true, limit=teemo, alert_message = "Enter > DONE >> V3.5 Perc Buyer") // Pre-Place ENTER WITH LIMIT ORDERS and wait for them to fill !!! If they don't fill, then move the order limit price up in line with previous candle's teemo amount
prof_line = strategy.position_avg_price * prof_trg_perc // if no new trade, these numbers will just be the previous trades numbers
loss_line = strategy.position_avg_price * loss_trg_perc
strategy.exit("exit", "enter", limit=prof_line, stop=loss_line, alert_message = "Exit > DONE >> V3.5 Perc Buyer")
plot(teemo, "Place Limit orders and hope 4 Fill", color.blue, 2) // blue
plot(prof_line, "ProfLine", #00ff00, 2) // green
plot(loss_line, "LossLine", #ff0000, 2) // red
barcolor(strategy.opentrades > 0 ? color.yellow : na)
Expand (30 lines)
Overview
10PreBuyer calculates the highest HMA value of high prices over a selected period, multiplied by a percentage discount factor, and places a pending buy limit order at that level. Once filled, it exits using fixed percentage take-profit and stop-loss targets calculated from the average execution price. The script plots the limit entry, target, and stop lines directly on the chart.
- Discounted Hull Moving Average limit entry
- Configurable percentage take-profit and stop-loss levels
- Visual price lines for pending orders and exit targets
- Bar coloring during active open positions
Details
Published by
hasnocool on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Moving averages, Mean reversion
Markets
Crypto
Timeframes
M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length | int | 10 | length |
| multiplier | float | 0.90 | multiplier |
| highest | int | 2 | highest |
| Prof TRG % | float | 1.2 | prof_trg_perc |
| Loss TRG % | float | 0.9 | loss_trg_perc |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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