This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v4 · On the chart
200 EMA + Stochastic + Triple Supertrend Long Strategy
This long-only strategy combines a 200-period Exponential Moving Average, Stochastic RSI, and three distinct Supertrend indicators with varying ATR periods and multipliers.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code170
Settings24inputs
LicenceApache-2.0
Last update3 years ago12 May 2023
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
170 lines of Pine Script v4 from 200_EMA+Triple_Supertrend+Stochastic/200_EMA+Triple_Supertrend+Stochastic_Long_Strategy.txt, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © krosenfeld7
// This strategy is best on the 4 hour timeframe
//@version=4
strategy("200 EMA + Stochastic + Triple Supertrend Long Strategy (4H)", overlay = true, pyramiding = 0,
margin_long = 100, margin_short = 100, default_qty_type = strategy.percent_of_equity,
default_qty_value = 20, initial_capital = 2000, process_orders_on_close = true)
// Set the starting point for backtesting
start = input(title="Backtesting Start", type=input.time, defval=timestamp("1 Jan 2015"))
// Expiration time on orders
maxTimeOpen = input(title="Order Expiration", type=input.integer, defval=100, minval=1)
stopLossMethod = input(title="Stop Loss Method?", type=input.string, options=["Trend Lines", "Percent %", "ATR"], defval="Trend Lines")
risk_level = input(title="Risk Level", type=input.float, defval=1.5, minval=0.1)
// Algorithm / Strategy Goes here
// Set long / short variables to execute positions below
// 200 period EMA Section
len1 = input(200, minval=1, title="EMA Length")
src1 = input(close, title="EMA Source")
offset = input(title="EMA Offset", type=input.integer, defval=0, minval=-500, maxval=500)
ema200 = ema(src1, len1)
plot(ema200, title="EMA", color=color.white, offset=offset, linewidth=3)
emaLong = close > ema200
emaShort = close < ema200
// Stochastic RSI Section
smoothK = input(3, "Stochastic K", minval=1)
smoothD = input(3, "Stochastic D", minval=1)
lengthRSI = input(14, "RSI Length", minval=1)
lengthStoch = input(14, "Stochastic Length", minval=1)
src2 = input(close, title="RSI Source")
rsi1 = rsi(src2, lengthRSI)
k = sma(stoch(rsi1, rsi1, rsi1, lengthStoch), smoothK)
d = sma(k, smoothD)
stoLong = k < 20 and d < 20 and crossover(k, d)
stoShort = k > 80 and d > 80 and crossunder(k, d)
// Supertrend 1: Settings: ATR Period = 12, Multiplier = 3
Periods1 = input(title="Long ATR Period", type=input.integer, defval=12)
src3 = input(hl2, title="ATR Source")
Multiplier1 = input(title="Long ATR Multiplier", type=input.float, step=0.1, defval=3.0)
changeATR= input(title="Change Long ATR Calculation Method ?", type=input.bool, defval=true)
atr2 = sma(tr, Periods1)
atr1= changeATR ? atr(Periods1) : atr2
up=src3-(Multiplier1*atr1)
up1 = nz(up[1],up)
up := close[1] > up1 ? max(up,up1) : up
dn=src3+(Multiplier1*atr1)
dn1 = nz(dn[1], dn)
dn := close[1] < dn1 ? min(dn, dn1) : dn
trend1 = 1
trend1 := nz(trend1[1], trend1)
trend1 := trend1 == -1 and close > dn1 ? 1 : trend1 == 1 and close < up1 ? -1 : trend1
// Supertrend 2: Settings: ATR Period = 11, Multiplier = 2
Periods2 = input(title="Intermediate ATR Period", type=input.integer, defval=11)
Multiplier2 = input(title="Intermediate ATR Multiplier", type=input.float, step=0.1, defval=2.0)
atr4 = sma(tr, Periods2)
atr3= changeATR ? atr(Periods2) : atr4
up2=src3-(Multiplier2*atr3)
up3 = nz(up2[1],up2)
up2 := close[1] > up3 ? max(up2,up3) : up2
dn2=src3+(Multiplier2*atr3)
dn3 = nz(dn2[1], dn2)
dn2 := close[1] < dn3 ? min(dn2, dn3) : dn2
trend2 = 1
trend2 := nz(trend2[1], trend2)
trend2 := trend2 == -1 and close > dn3 ? 1 : trend2 == 1 and close < up3 ? -1 : trend2
// Supertrend 3: Settings: ATR Period = 10, Multiplier = 1
Periods3 = input(title="Short ATR Period", type=input.integer, defval=10)
Multiplier3 = input(title="Short ATR Multiplier", type=input.float, step=0.1, defval=1.0)
atr6 = sma(tr, Periods3)
atr5= changeATR ? atr(Periods3) : atr6
up4=src3-(Multiplier3*atr5)
up5 = nz(up4[1],up4)
up4 := close[1] > up5 ? max(up4,up5) : up4
dn4=src3+(Multiplier3*atr5)
dn5 = nz(dn4[1], dn4)
dn4 := close[1] < dn5 ? min(dn4, dn5) : dn4
trend3 = 1
trend3 := nz(trend3[1], trend3)
trend3 := trend3 == -1 and close > dn5 ? 1 : trend3 == 1 and close < up5 ? -1 : trend3
// Bullish (Long)
// Price > 200 EMA
// Stochastic < 20 (oversold) with K crossup
// Case 1: At least 2 supertrend lines below price (close), supertrend lines are upPlot, upPlot2, upPlot3
// Case 2: If only 1 supertrend line below price:
// Wait until 2 supertrend lines below and enter, but only if Stochastic (k or d) < 50
// Stop loss at 2 supertrend lines below price
longPlot1 = trend1 == 1 ? up : na
longPlot2 = trend2 == 1 ? up2 : na
longPlot3 = trend3 == 1 ? up4 : na
longValid1 = not na(longPlot1) and close > longPlot1
longValid2 = not na(longPlot2) and close > longPlot2
longValid3 = not na(longPlot3) and close > longPlot3
longValidNum = 0
longValidNum += longValid1 ? 1 : 0
longValidNum += longValid2 ? 1 : 0
longValidNum += longValid3 ? 1 : 0
// Case 1: 1 supertrend line is below price
conditionallyValidLong = longValidNum == 1 and stoLong and emaLong
// Case 2: 2 supertrend lines are below price
superLong = (longValid1 and longValid2) or (longValid1 and longValid3) or (longValid2 and longValid3)
tempLong = emaLong and stoLong and superLong
// Case 1: EMA is valid, stochastic is not, but still less than 50 and there are now 2 supertrend lines
if emaLong and (not stoLong and (d < 50 or k < 50)) and (superLong and barssince(conditionallyValidLong) < 10)
tempLong := true
long = tempLong ? 1 : 0
// Average True Range
length = input(title="ATR Length", defval=14, minval=1)
atrMultiplier = input(title="ATR Multiplier", type=input.float, defval=1, minval=0.1)
atr = atr(length)
longProfitPercent = input(title = "Long Take Profit (%)",
type = input.float, minval = 0.0, step = 0.1, defval = 10) / 100
longLossPercent = input(title = "Long Stop Loss (%)",
type = input.float, minval = 0.0, step = 0.1, defval = 10) / 100
var float longStopPrice = na
var float longExitPrice = na
// Compute stop loss and targets only if trade isn't open yet
if tempLong and strategy.opentrades == 0 and stopLossMethod == "Trend Lines"
if longValidNum == 2
if na(longPlot1)
longStopPrice := min(longPlot2, longPlot3)
else if na(longPlot2)
longStopPrice := min(longPlot1, longPlot3)
else
longStopPrice := min(longPlot1, longPlot2)
else
longMin = min(longPlot1, min(longPlot2, longPlot3))
longMax = max(longPlot1, max(longPlot2, longPlot3))
longStopPrice := 2 * (longPlot1 + longPlot2 + longPlot3 - longMin - longMax)
longExitPrice := ((close - longStopPrice) * risk_level) + close
else if stopLossMethod == "Percent %"
// Calculating exact prices for stop loss and exit prices
longExitPrice := strategy.position_avg_price * (1 + longProfitPercent)
longStopPrice := strategy.position_avg_price * (1 - longLossPercent)
else if stopLossMethod == "ATR"
// Profit & Loss via ATR
longExitPrice := strategy.position_avg_price + atr * atrMultiplier
longStopPrice := strategy.position_avg_price - atr * atrMultiplier
// Plotting profit / loss targets
plot(series = (strategy.position_size > 0) ? longExitPrice : na, color = color.green, style = plot.style_linebr, transp = 0, linewidth = 3, title = "Long Target")
plot(series = (strategy.position_size > 0) ? longStopPrice : na, color = color.red, style = plot.style_linebr, transp = 0, linewidth = 3, title = "Long Stop Loss")
// Submit entry orders
if time >= start
strategy.entry(id = "Long", long = strategy.long, comment = "Long Open", when = long)
// Submit exit orders
strategy.exit(id = "Long", limit = longExitPrice, stop = longStopPrice, comment = "Long Close", when = strategy.position_size > 0)
strategy.close(id = "Long", comment = "Expired: >" + tostring(maxTimeOpen), when = (barssince(change(strategy.opentrades)) + 1) >= maxTimeOpen)
Overview
200 EMA + Stochastic + Triple Supertrend Long Strategy enters long trades when price trades above the 200 EMA, Stochastic RSI crosses up from oversold levels, and the Supertrends confirm the uptrend. The script plots the 200 EMA and Supertrend levels directly on the main price chart. Users can select stop-loss methods using Trend Lines, percentage bounds, or ATR multipliers, as well as set order expiration durations.
- 200-period Exponential Moving Average trend filter
- Stochastic RSI oversold crossover signal generation
- Triple Supertrend trend confirmation system
- Configurable stop-loss options including Trend Lines, Percent, and ATR
Details
Published by
krosenfeld7 on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
H4 and above
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Backtesting Start | time | timestamp("1 Jan 2015") | start |
| Order Expiration | int | 100 | maxTimeOpen |
| Stop Loss Method? | string | Trend Lines | stopLossMethod |
| Risk Level | float | 1.5 | risk_level |
| EMA Length | int | 200 | len1 |
| EMA Source | source | close | src1 |
| EMA Offset | int | 0 | offset |
| Stochastic K | int | 3 | smoothK |
| Stochastic D | int | 3 | smoothD |
| RSI Length | int | 14 | lengthRSI |
| Stochastic Length | int | 14 | lengthStoch |
| RSI Source | source | close | src2 |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Long ATR Period | int | 12 | Periods1 |
| ATR Source | source | hl2 | src3 |
| Long ATR Multiplier | float | 3.0 | Multiplier1 |
| Change Long ATR Calculation Method ? | bool | true | changeATR |
| Intermediate ATR Period | int | 11 | Periods2 |
| Intermediate ATR Multiplier | float | 2.0 | Multiplier2 |
| Short ATR Period | int | 10 | Periods3 |
| Short ATR Multiplier | float | 1.0 | Multiplier3 |
| ATR Length | int | 14 | length |
| ATR Multiplier | float | 1 | atrMultiplier |
| Long Take Profit (%) | float | 10 | longProfitPercent |
| Long Stop Loss (%) | float | 10 | longLossPercent |
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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