This strategy plots running pivot highs as red R circles and pivot lows as blue S circles directly on the price chart. It computes an EMA 3 and a Cto trend line from close prices, then generates long signals on upward EMA-Cto crossovers combined with price pos
Strategy · Pine Script v4 · On the chart
365 Day High Breakout Strategy
This long-only trend-following strategy identifies breakout trades by requiring price to breach a 250-bar high while aligned with 50-period, 150-period, and 200-period Simple Moving Averages.
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code57
Settings7inputs
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
57 lines of Pine Script v4 from 365 Day High Breakout Strategy.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("365 Day High Breakout Strategy", overlay = true,
commission_type=strategy.commission.percent, commission_value= 0.15)
//------------------------------------------------------------------------------
// MOVING AVERAGE
len1 = input(50, minval=1, title="MA 50")
MA50 = sma(close, len1)
//plot(MA50, color=#00d8ff, linewidth=1, title="MA 50")
len2 = input(150, minval=1, title="MA 150")
MA150 = sma(close, len2)
//plot(MA150, color=color.purple, linewidth=1, title="MA 150")
len3 = input(200, minval=1, title="MA 200")
MA200 = sma(close, len3)
//plot(MA200, color=color.white, linewidth=1, title="MA 200")
//------------------------------------------------------------------------------
// RELATIVE STRENGTH
comparativeTickerId = input("NSE:NIFTY", type=input.symbol, title="Comparative Symbol") // ANY OTHER INDEX CAN BE USED
length = input(50, type=input.integer, minval=1, title="Comparative Period")
baseSymbol = security(syminfo.tickerid, timeframe.period, close)
comparativeSymbol = security(comparativeTickerId, timeframe.period, close)
RS = baseSymbol / baseSymbol[length] /
(comparativeSymbol / comparativeSymbol[length]) - 1
//------------------------------------------------------------------------------
// STRATEGY ENTRY / EXIT
//------------------------------------------------------------------------------
is_buy =
close > highest(high, 250 )[1]
and RS > 0
and MA50 > MA150 and MA150 > MA200
and close > MA50 and close > MA200
//------------------------------------------------------------------------------
//ATR Trailing Stop
ATRPeriod = input(14)
ATRMultip = input(3.5)
xATR = atr(ATRPeriod)
nLoss = ATRMultip * xATR
xATRTrailingStop = close
xATRTrailingStop := iff(close > nz(xATRTrailingStop[1], 0) and close[1] > nz(xATRTrailingStop[1], 0), max(nz(xATRTrailingStop[1]), close - nLoss),
iff(close < nz(xATRTrailingStop[1], 0) and close[1] < nz(xATRTrailingStop[1], 0), min(nz(xATRTrailingStop[1]), close + nLoss),
iff(close > nz(xATRTrailingStop[1], 0), close - nLoss, close + nLoss)))
//------------------------------------------------------------------------------
// PROFIT %
//longProfitPerc = input(title="Take Profit (%)", defval = 10, type = input.float ) / 100
//longExitPrice = strategy.position_avg_price * (1 + longProfitPerc)
// STOP LOSS %
//Long_sl = input(title="Loss (%)", defval = 4, type = input.float ) /100
//Long_stop_level = strategy.position_avg_price * (1 - Long_sl)
//------------------------------------------------------------------------------
buy_close =
( close < xATRTrailingStop[1] and not is_buy[1] )
//close > longExitPrice
//or close < Long_stop_level
//------------------------------------------------------------------------------
strategy.entry("Long", true, when = (is_buy and strategy.opentrades==0 ) )
strategy.close("Long", when = buy_close )
Expand (82 lines)
Overview
365 Day High Breakout Strategy calculates relative strength against a comparative market benchmark like NSE:NIFTY. Entries occur when relative strength is positive and moving averages are in bullish alignment. Positions exit using an ATR-based trailing stop. Users can adjust moving average lengths, benchmark symbol, and ATR trailing stop parameters directly in the settings. There is no fixed emergency stop loss defined.
- 250-period high breakout detection
- Triple SMA trend alignment filter
- Comparative market relative strength calculation
- ATR trailing stop exit condition
Details
Published by
hasnocool on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Breakout, Moving averages
Markets
Stocks, Indices
Timeframes
H4 and above, M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Topics
analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| MA 50 | int | 50 | len1 |
| MA 150 | int | 150 | len2 |
| MA 200 | int | 200 | len3 |
| Comparative Symbol | symbol | NSE:NIFTY | comparativeTickerId |
| Comparative Period | int | 50 | length |
| ATRPeriod | int | 14 | ATRPeriod |
| ATRMultip | float | 3.5 | ATRMultip |
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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