Strategy · Pine Script v5 · On the chart

1h Bullish Buy 15min Bearish Sell

by JackZhao516· code credited to smrti

This strategy plots a daily VWAP, a 90-period simple moving average from the one-hour chart, and a 50-period EMA plus a 90-period SMA from the 15-minute chart on the price chart.

View on GitHub

Repaints

GitHub stars7on the repository
Pine versionv5runs as is
Lines of code51
Settings0inputs
LicenceMIT
Last update3 years ago10 Jul 2023

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

51 lines of Pine Script v5 from 1h_bullish_buy_15min_bearish_sell.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

1h_bullish_buy_15min_bearish_sell.pine
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © smrti

//@version=5
//initial capital 10000USDT
strategy("1h_bullish_buy_15min_bearish_sell", overlay=true, calc_on_every_tick=true,
 default_qty_type=strategy.percent_of_equity, default_qty_value = 100,
 initial_capital = 10000, currency = currency.USDT, process_orders_on_close=true,
 use_bar_magnifier = true, precision=7)

// timewindow
start = timestamp(2019, 1, 1, 00, 00)            // backtest start  window
end = timestamp(2022, 8, 20, 00, 00)              // backtest end  window
window = time >= start and time <= end

// indicators

ma90 = ta.sma(close, 90)
ma90_1h = request.security(syminfo.tickerid, '60', ma90)
ema50_15 = request.security(syminfo.tickerid, '15', ta.ema(close, 50))
ma90_15 = request.security(syminfo.tickerid, '15', ma90)
vwap = ta.vwap(hlc3, timeframe.change('1D'))

plot(ema50_15, color=color.new(color.red, 20))
plot(ma90_15, color=color.new(color.green, 20))
plot(vwap, color=color.new(color.blue, 20))
plot(ma90_1h, color=color.new(color.yellow, 20))


// conditional indicators
bull_1h = ta.crossover(vwap, ma90_1h)
bear_1h = ta.crossunder(vwap, ma90_1h)
bull_15min = ta.crossover(ema50_15, ma90_15)
bear_15min = ta.crossunder(ema50_15, ma90_15)


// in 1h bull zone
if vwap >= ma90_1h and window
    if bull_15min
        strategy.entry("buy", strategy.long)
    if bear_15min and strategy.position_size > 0
        strategy.close("buy", qty_percent = 100)


// 1h bull
if bull_1h and window
    strategy.entry("buy", strategy.long)

// 1h bear
if bear_1h and strategy.position_size > 0 and window
    strategy.close("buy", qty_percent = 100)

Overview

1h Bullish Buy 15min Bearish Sell enters long when VWAP crosses above the one-hour average, or while VWAP remains above it and the 15-minute EMA crosses above the 15-minute SMA. It closes the long on the opposite one-hour or 15-minute cross. Orders use full equity inside a fixed backtest window. There is no stop loss, and signals can change on the live bar.

Details

Published by

JackZhao516 on GitHub

Code credit

smrti, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

Category

Trend, Moving averages, Volume

Markets

Any symbol

Timeframes

M15-H1

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)
  • The strategy enters trades without a stop loss
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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