This strategy enters long when a faster moving average crosses above a slower one and short when it crosses below, unless long-only mode is on. An optional volume filter requires volume above a 20-bar average times a multiplier. Exits use a percentage stop los
Strategy · Pine Script v5 · On the chart
4H Bullish Buy 4H Bearish Sell Weekly
This strategy trades crossovers between a weekly-anchored Volume Weighted Average Price (VWAP) and a 4-hour 90-period exponential moving average.
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_weekly.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_weekly", 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('1W')) // 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
4H Bullish Buy 4H Bearish Sell Weekly plots both indicators directly on the price chart. A long position is opened when weekly VWAP crosses above the 4-hour EMA, while a short position is opened when it crosses below. It enters with 100 percent of equity and reverses open trades upon opposing signals. The strategy lacks a stop loss and take profit, and higher-timeframe data requests combined with tick calculations may introduce repainting.
- Weekly-anchored VWAP calculation
- Multi-timeframe 4-hour 90-period EMA
- Trend-following crossover entry signals
- Full-equity position sizing with automatic reversal
- Hardcoded backtest start date filter
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
Moving averages, Trend, Volume
Markets
Crypto
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.
Similar Pine Scripts
This strategy plots four exponential moving averages on the price chart and filters trades with a smoothed Ease of Movement oscillator. In the default mode it opens a long when price and the four averages are stacked upward and Ease of Movement is positive, th
This strategy enters long or short when eight conditions align over the last two bars. It requires EMA 10 and EMA 55 alignment on the one-hour, four-hour and daily charts, a positive ADX slope, matching monitor direction, and price relative to a 400-bar point
This strategy enters long when a fast EMA crosses above a slow EMA and RSI, ADX, and volume all clear their thresholds. It sizes the order from a percentage of equity and an ATR stop distance, then sets a partial profit target at a multiple of that risk. After
This overlay strategy combines three distinct SuperTrend levels with multiple moving averages and volume profile analytics on the main price chart. It calculates trend directions using three configurable ATR periods and multipliers alongside SMA, EMA, and HMA
This strategy plots buy and sell markers on the price chart by combining a fast and slow ALMA crossover with a simple close-to-close momentum check. A long marker appears when the fast ALMA crosses above the slow ALMA and momentum is positive. A short marker a
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers