12/26-IT Strategy: Free TradingView Strategy (Pine Script)

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

105 lines of Pine Script v5 from 12-26-IT strategy.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

12-26-IT strategy.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © AbdulRahimShama
//@version=5
strategy('12/26-IT strategy', overlay=true,initial_capital = 100000, calc_on_order_fills = true, pyramiding = 10)
Show_Only_12_26_Crossover_Entry             = input.bool(true, group = "Entry_Exit Criteria")
Show_12_26_Crossover_and_resistance_Entry   = input.bool(false, group = "Entry_Exit Criteria")
Show_MA_StopLoss                            = input.bool(false, group = "Entry_Exit Criteria", tooltip = "update values as per your requirement in MA section")
Show_TSL_StopLoss                           = input.bool(false, group = "Entry_Exit Criteria")
Show_Crossdown_StopLoss                     = input.bool(true, group = "Entry_Exit Criteria")
////////////////////////////////////////////////
////////////////TARGETS INPUT
////////////////////////////////////////////////
////////Target1
TargetPerc1         = input.float(title="Target (%)", minval=0,defval=5, group="Target-1") / 100
TargetPrice1        = strategy.position_avg_price * (1 + TargetPerc1)
Target1_exit_qty    = input.int(50, group="Target-1",tooltip = "% qty to sell when Target1 is reached")
////////Target2
TargetPerc2         = input.float(title="Target (%)", minval=0,defval=10, group="Target-2") / 100
TargetPrice2        = strategy.position_avg_price * (1 + TargetPerc2)
Target2_exit_qty    = input.int(100, group="Target-2",tooltip = "% qty to sell when Target2 is reached")
////////////////////////////////////////////////
////////////////TRAILING STOP LOSS
////////////////////////////////////////////////
TSLsource           = input(low, title="TSL Source", group="Trailing StopLoss")
longTrailPerc       = input.float(title='Trail Long Loss (%)', minval=0.0, step=0.1, defval=1, group="Trailing StopLoss") * 0.01
TrailStopPrice = 0.0
TrailStopPrice := if strategy.position_size > 0
    sPIVOT_highValue = TSLsource * (1 - longTrailPerc)
    math.max(sPIVOT_highValue, TrailStopPrice[1])
else
    0
TSL                 = close < TrailStopPrice
plot(series=strategy.position_size > 0 and Show_TSL_StopLoss ? TrailStopPrice : na, color=color.new(color.fuchsia, 0), style=plot.style_linebr, linewidth=2, title='Trailing StopLoss')
////////////////////////////////////////////////
////////////////Moving Averages
////////////////////////////////////////////////
SLmaLength          = input.int(21, group="StopLoss MA")
SLmaSource          = input(low, group="StopLoss MA")
ma(SLmaSource, length, type) =>
    switch type
        "SMA" => ta.sma(SLmaSource, SLmaLength)
        "EMA" => ta.ema(SLmaSource, SLmaLength)
SLmaType            = input.string("EMA", title="StopLoss MA", options=["SMA", "EMA"], group="StopLoss MA")
SL_MA =             ma(SLmaSource, SLmaLength, SLmaType)
plot(Show_MA_StopLoss ? SL_MA : na, "StopLoss for MA", color=color.rgb(255, 0, 0))
EMA_12              =ta.ema(close, 12)
EMA_26              =ta.ema(close, 26)
EMA_21              =ta.ema(close,21)
plot(EMA_12, title="EMA_12", color=color.rgb(0, 255, 0), offset=0, linewidth=1)
plot(EMA_26, title="EMA_26", color=color.rgb(0, 0, 255), offset=0, linewidth=2)
plot(Show_MA_StopLoss ? SL_MA : na, "StopLoss for MA", color=color.rgb(255, 0, 0))
////////////////////////////////////////////////
////////////////RESISTANCE INPUT and PLOTTING
////////////////////////////////////////////////
CrossOverLookbackCandles    = input.int(10, group= "RESISTANCE")
resistanceSRC               = input(high, group= "RESISTANCE")
resistanceLEFT              = input(10, group= "RESISTANCE")
resistanceRIGHT             = input(10, group= "RESISTANCE")
hih = ta.pivothigh(resistanceSRC, resistanceLEFT, resistanceRIGHT)
top = ta.valuewhen(hih, resistanceSRC[resistanceRIGHT], 0)
res = plot(top, color=top != top[1] ? na : color.new(#00ff00, 50), offset=-resistanceLEFT, linewidth=2, title="Resistance Line")
EMA_12_Low = ta.lowest(EMA_12, CrossOverLookbackCandles)
EMA_26_Low = ta.lowest(EMA_26, CrossOverLookbackCandles)
////////////////////////////////////////////////
////////////////RSI INPUT and PLOTTING
////////////////////////////////////////////////
RSI                 = ta.rsi(close, 14)
RSILowerRange       = input.int(45, tooltip = "RSI value should be ABOVE this value for entry", group = "RSI")
RSIUpperRange       = input.int(70, tooltip = "RSI value should be BELOW this value for entry", group = "RSI")
////////////////////////////////////////////////
////////////////MACD
////////////////////////////////////////////////
fast_length         = 12
slow_length         = 26
MACD_src            = close
signal_length       = 9
fast_ma             = ta.ema(MACD_src, fast_length)
slow_ma             = ta.ema(MACD_src, slow_length)
macd                = fast_ma - slow_ma
signal              = ta.ema(macd, signal_length)
hist                = macd - signal
////////////////////////////////////////////////
////////////////ENTRY CRITERIA
////////////////////////////////////////////////
BUYVALUE        = input(100000, tooltip = "Buy qty displayed on chart will be based on this value")
BASEENTRY       = macd > signal and RSI > RSILowerRange and RSI < RSIUpperRange and close > EMA_21 and close > ta.sma(close, 7)
Entry           = ta.crossover(EMA_12, EMA_26) and BASEENTRY
Entry2          = ta.crossover(close, top) and EMA_12_Low < EMA_26_Low and EMA_12 > EMA_26 and RSI < 80
////////////////////////////////////////////////
////////////////BUY SELL STRATEGY
////////////////////////////////////////////////
if ((Entry and Show_Only_12_26_Crossover_Entry))
    strategy.entry("buy", strategy.long, qty=BUYVALUE/close)
if (Entry2 and Show_12_26_Crossover_and_resistance_Entry)
    strategy.entry("buy", strategy.long, qty=BUYVALUE/close)
strategy.exit("Tg1", "buy", limit=TargetPrice1, qty_percent = Target1_exit_qty)
strategy.exit("Tg2", "buy", limit=TargetPrice2, qty_percent = Target2_exit_qty)
if TSL and Show_TSL_StopLoss and close < EMA_12 
    strategy.close_all ("sl")
if ta.crossunder(EMA_12, EMA_26) and Show_Crossdown_StopLoss
    strategy.close_all ("sl")
if ta.crossunder(close, SL_MA) and Show_MA_StopLoss
    strategy.close_all ("sl")
bgcolor(color=((Entry and Show_Only_12_26_Crossover_Entry)) ? color.new(color.blue, 0) : na)
Expand (171 lines)

Overview

Long positions can be filtered by pivot resistance breakouts and RSI boundary ranges. For trade management, it provides two configurable partial profit targets and multiple exit mechanisms, including a trailing stop, a dedicated stop-loss moving average, or an EMA crossdown. It plots the moving averages and trailing stop levels directly on the price chart.

12 and 26 EMA crossover entry logic
Optional pivot resistance breakout filter
Dual take-profit percentage targets with partial exits
Configurable trailing stop loss and moving average exit options

Details

Published by

hasnocool on GitHub

Code credit

AbdulRahimShama, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy can add several entries in the same direction
The strategy enters trades without a stop loss

File

12-26-IT strategy.pine

Repository

github.com/hasnocool/tradingview-pine-scripts. See its other scripts in the library

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Show_Only_12_26_Crossover_Entry	`bool`	`true`	`Show_Only_12_26_Crossover_Entry`
Show_12_26_Crossover_and_resistance_Entry	`bool`	`false`	`Show_12_26_Crossover_and_resistance_Entry`
Show_MA_StopLoss	`bool`	`false`	`Show_MA_StopLoss`
Show_TSL_StopLoss	`bool`	`false`	`Show_TSL_StopLoss`
Show_Crossdown_StopLoss	`bool`	`true`	`Show_Crossdown_StopLoss`
Target (%)	`float`	`5`	`TargetPerc1`
Target1_exit_qty	`int`	`50`	`Target1_exit_qty`
Target (%)	`float`	`10`	`TargetPerc2`
Target2_exit_qty	`int`	`100`	`Target2_exit_qty`
TSL Source	`source`	`low`	`TSLsource`
Trail Long Loss (%)	`float`	`1`	`longTrailPerc`
SLmaLength	`int`	`21`	`SLmaLength`

Show all 21 settings

Setting	Type	Default	Variable
SLmaSource	`source`	`low`	`SLmaSource`
StopLoss MA	`string`	`EMA`	`SLmaType`
CrossOverLookbackCandles	`int`	`10`	`CrossOverLookbackCandles`
resistanceSRC	`source`	`high`	`resistanceSRC`
resistanceLEFT	`int`	`10`	`resistanceLEFT`
resistanceRIGHT	`int`	`10`	`resistanceRIGHT`
RSILowerRange	`int`	`45`	`RSILowerRange`
RSIUpperRange	`int`	`70`	`RSIUpperRange`
BUYVALUE	`int`	`100000`	`BUYVALUE`

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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