This strategy divides a fixed price range between an upper and a lower limit into equally spaced grid levels and plots them on the price chart. It marks a buy when price crosses down through a grid and a sell when price crosses up through a grid, using either
Strategy · Pine Script v4 · On the chart
All-time-high
This strategy tracks the highest price on the chart and plots that all-time high plus bands at 90, 80, and 70 percent of it.
GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code25
Settings1inputs
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
25 lines of Pine Script v4 from Buy From All Time High.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("All-time-high", "ATH", overlay=true, initial_capital=10000, default_qty_value=100, default_qty_type=strategy.percent_of_equity, pyramiding=1, commission_type=strategy.commission.cash_per_contract, commission_value=0.000)
// input
buyPerc=input(0.8,title="Buy from what % from all time high?")
var float highestHigh = 0
if high > highestHigh
highestHigh := high
plot(highestHigh)
buyzone=highestHigh*0.9
buyzone2=highestHigh*0.8
buyzone3=highestHigh*0.7
sellzone=highestHigh*0.99
plot(buyzone, color=color.red)
plot(buyzone2, color=color.white)
plot(buyzone3, color=color.green)
begin = timestamp(2011,1,1,0,0)
end = timestamp(2022,4,19,0,0)
if time >=begin and time <=end
longCondition = close<highestHigh*buyPerc
if (longCondition)
strategy.entry("Buy", strategy.long)
closeCondition = close>sellzone
if (closeCondition)
strategy.close("Buy", strategy.long)
Expand (40 lines)
Overview
All-time-high enters a long when the close falls below a user-set fraction of the high, defaulting to 80 percent, using full equity. It closes the long when the close rises above 99 percent of the high. Orders are allowed only from January 2011 through April 2022. There is no stop loss.
- Running all-time high plot
- Fixed percentage bands below the high
- Long entry below a user percentage of the high
- Exit near 99 percent of the high
- Fixed 2011 to 2022 backtest window
Details
Published by
hasnocool on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Support & resistance, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Buy from what % from all time high? | float | 0.8 | buyPerc |
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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