This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v5 · On the chart
AlphaTrend For ProfitView
This strategy plots an AlphaTrend line on the price chart and trades crossovers against the same line two bars earlier.
Repaints
GitHub stars106on the repository
Pine versionv5runs as is
Lines of code45
Settings12inputs
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
45 lines of Pine Script v5 from AlphaTrend For ProfitView.pine, published under GPL-3.0. 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/
// author © KivancOzbilgic
// developer © KivancOzbilgic
// pv additions, simplification and strategy conversion @ treigen
//@version=5
strategy('AlphaTrend For ProfitView', overlay=true, calc_on_every_tick=true, process_orders_on_close=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100, commission_type=strategy.commission.percent, commission_value=0.1, initial_capital=1000)
coeff = input.float(1.5, 'Multiplier', step=0.1)
AP = input(15, 'Common Period')
ATR = ta.sma(ta.tr, AP)
novolumedata = input(title='Change calculation (no volume data)?', defval=false)
canshort = input.bool(true, title="Allow shorting")
i_startTime = input.time(defval = timestamp("01 Jan 2014 00:00 +0000"), title = "Backtesting Start Time", inline="timestart", group='Backtesting')
i_endTime = input.time(defval = timestamp("01 Jan 2100 23:59 +0000"), title = "Backtesting End Time", inline="timeend", group='Backtesting')
timeCond = (time > i_startTime) and (time < i_endTime)
pv_ex = input.string('', title='Exchange', tooltip='Leave empty to use the chart ticker instead (Warning: May differ from actual market name in some instances)', group='PV Settings')
pv_sym = input.string('', title='Symbol', tooltip='Leave empty to use the chart ticker instead (Warning: May differ from actual market name in some instances)', group='PV Settings')
pv_acc = input.string("", title="Account", group='PV Settings')
pv_alert_long = input.string("", title="PV Alert Name Longs", group='PV Settings')
pv_alert_short = input.string("", title="PV Alert Name Shorts", group='PV Settings')
pv_alert_test = input.bool(false, title="Test Alerts", tooltip="Will immediately execute the alerts, so you may see what it sends. The first line on these test alerts will be excluded from any real alert triggers" ,group='PV Settings')
upT = low - ATR * coeff
downT = high + ATR * coeff
AlphaTrend = 0.0
AlphaTrend := (novolumedata ? ta.rsi(close, AP) >= 50 : ta.mfi(hlc3, AP) >= 50) ? upT < nz(AlphaTrend[1]) ? nz(AlphaTrend[1]) : upT : downT > nz(AlphaTrend[1]) ? nz(AlphaTrend[1]) : downT
k1 = plot(AlphaTrend, color=color.new(#0022FC, 0), linewidth=3)
k2 = plot(AlphaTrend[2], color=color.new(#FC0400, 0), linewidth=3)
buySignalk = ta.crossover(AlphaTrend, AlphaTrend[2])
sellSignalk = ta.crossunder(AlphaTrend, AlphaTrend[2])
var exsym = ""
if barstate.isfirst
exsym := pv_ex == "" ? "" : "ex=" + pv_ex + ","
exsym := pv_sym == "" ? exsym : exsym + "sym=" + pv_sym + ","
if barstate.isconfirmed and timeCond
if strategy.position_size <= 0 and buySignalk
strategy.entry("Long", strategy.long)
alert(pv_alert_long + "(" + exsym + "acc=" + pv_acc + ")", alert.freq_once_per_bar_close)
if strategy.position_size >= 0 and sellSignalk
strategy.entry("Short", strategy.short, when=canshort)
strategy.close("Long", when=not canshort)
alert(pv_alert_short + "(" + exsym + "acc=" + pv_acc + ")", alert.freq_once_per_bar_close)
// Only used for testing/debugging alert messages
if pv_alert_test
alert("<![Alert Test]!>\n" + pv_alert_long + "(" + exsym + "acc=" + pv_acc + ")", alert.freq_once_per_bar)
alert("<![Alert Test]!>\n" + pv_alert_short + "(" + exsym + "acc=" + pv_acc + ")", alert.freq_once_per_bar)
Expand (56 lines)
Overview
AlphaTrend For ProfitView builds the line from a smoothed true-range band and either Money Flow Index or RSI, depending on the no-volume setting. A crossover opens a long; a crossunder opens a short when shorting is allowed, or closes the long otherwise. The multiplier, common period, shorting switch, and backtest window change the calculation and trade window. Orders use full equity with a commission setting, and there is no stop loss. Signals can change on the live bar.
- AlphaTrend line from ATR and MFI or RSI
- Long entries and optional short entries
- ProfitView long and short alert settings
- Configurable backtest start and end times
- No-volume RSI calculation option
Details
Published by
hasnocool on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- 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 |
|---|---|---|---|
| Multiplier | float | 1.5 | coeff |
| Common Period | int | 15 | AP |
| Change calculation (no volume data)? | bool | false | novolumedata |
| Allow shorting | bool | true | canshort |
| Backtesting Start Time | time | timestamp("01 Jan 2014 00:00 +0000") | i_startTime |
| Backtesting End Time | time | timestamp("01 Jan 2100 23:59 +0000") | i_endTime |
| Exchange | string | | pv_ex |
| Symbol | string | | pv_sym |
| Account | string | | pv_acc |
| PV Alert Name Longs | string | | pv_alert_long |
| PV Alert Name Shorts | string | | pv_alert_short |
| Test Alerts | bool | false | pv_alert_test |
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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