Strategy · Pine Script v5 · On the chart

algo-trade-v11

by akash-yellgetti

A strategy-type script for the price chart that draws the high, low and midpoint of the first part of each session, set by end hour and minute inputs.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code327
Settings20inputs
LicenceNone stated
Last update2 years ago15 Jul 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  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

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

algo-trade-v11 plots pivot-based support and resistance using fifteen left and right bars, labels breaks that coincide with a volume increase, flags wick-style breaks, and fires alerts when support or resistance breaks. Moving average and date range inputs are also present. The supplied code does not show clear order or stop rules.

Details

Published by

akash-yellgetti on GitHub

Draws

On the price chart

Markets

Any symbol

Timeframes

M15-H1

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.

SettingTypeDefaultVariable
End Hourint9End Hour
End Minuteint30End Minute
Lengthintlenlength
Show BreaksbooltruetoggleBreaks
Left Bars int15leftBars
Right Barsint15rightBars
Volume Thresholdint20volumeThresh
Sourcesourceclosesrc
Fast Lengthint5fastLen
Slow Lengthint10slowLen
Exponential Moving Averagebooltrueema
Slopefloat1.mult
Show all 20 settings
SettingTypeDefaultVariable
Slope Calculation MethodstringAtrcalcMethod
backpaintbooltruebackpaint
Up Trendline Colorcolorcolor.tealupCss
Down Trendline Colorcolorcolor.reddnCss
Show Extended LinesbooltrueshowExt
Fromtimetimestamp("30 Jan 2024 09:00 +0000")i_from
Thrutimetimestamp("30 JAN 2024 03:15 +0000")i_thru
Show Date Rangebooltruei_show
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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