Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s
Strategy · Pine Script v5 · On the chart
4H Bullish Buy 4H Bearish Sell Session
This strategy generates trading signals based on crossovers between daily session VWAP and a 4-hour 90-period Exponential Moving Average (EMA).
Repaints
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code54
Settings0inputs
LicenceMIT
Last update3 years ago10 Jul 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
54 lines of Pine Script v5 from 4h_bullish_buy_4h_bearish_sell_session.pine, published under MIT. 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/
// © smrti
//@version=5
//initial capital 10000USDT
strategy("4h_bullish_buy_4h_bearish_sell_session", 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(2020, 1, 1, 00, 00) // backtest start window
end = timestamp(2022, 8, 29, 00, 00) // backtest end window
window = time >= start
// indicators
ma90 = ta.ema(close, 90)
ma90_4h = request.security(syminfo.tickerid, '240', ma90)
vwap = ta.vwap(hlc3, timeframe.change('1D')) // session vwap
plot(ma90_4h, color=color.new(color.green, 20))
plot(vwap, color=color.new(color.blue, 20))
// conditional indicators
bull_4h = ta.crossover(vwap, ma90_4h)
bear_4h = ta.crossunder(vwap, ma90_4h)
// func close_all()
close_all() =>
if strategy.position_size > 0
strategy.close("long", qty_percent = 100)
if strategy.position_size < 0
strategy.close("short", qty_percent = 100)
// func long()
long() =>
close_all()
strategy.entry("long", strategy.long)
// func short()
short() =>
close_all()
strategy.entry("short", strategy.short)
// 4h bull
if bull_4h and window
long()
// 4h bear
if bear_4h and window
short()
Overview
When VWAP crosses above the 4-hour EMA, the strategy closes open short positions and enters a long trade with full equity. When VWAP crosses below the 4-hour EMA, it reverses into a short trade. Both indicators are plotted directly on the price chart. The script includes a date-restricted backtesting window. It does not include a stop loss order, and the higher-timeframe security call can cause historical repainting.
- Daily session VWAP and 4-hour 90 EMA indicators
- VWAP and EMA crossover entry signals
- Date range filtering for backtesting
- Overlay plotting on the price chart
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
Markets
Any symbol
Timeframes
M15-H1, H4 and above
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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