This strategy captures strong bullish momentum by combining a 200-period SMA baseline, a custom Bollinger Band, the True Strength Index (TSI) smoothed with WMAs, and the ADX trend strength indicator. It initiates long positions when price is above the 200 SMA,
Strategy · Pine Script v4 · Own pane
Alt Coin BB SMA Strategy
Alt Coin BB SMA Strategy calculates custom MACD delta histogram values, Bollinger Bands, and middle band slopes to generate trading signals in a separate pane.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code48
Settings2inputs
LicenceNone stated
Last update4 years ago15 May 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
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
Alt Coin BB SMA Strategy triggers long entry orders when the price crosses above the Bollinger middle band, provided the MACD delta change is non-negative and the middle band slope meets a minimum threshold. It enters short orders when the close price crosses under the upper Bollinger Band. The script plots a custom color-coded histogram and a price-to-middle band difference line. It does not include built-in stop-loss or take-profit controls.
- Custom MACD delta histogram calculation
- Bollinger Band middle band slope filtering
- Separate pane oscillator and plotbar visualizer
- Upper band crossunder short entry signals
Details
Published by
samliu0206 on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands, Trend
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| fastLength | input | length*2 | fastLength |
| slowlength | input | length*4 | slowlength |
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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