Strategy · Pine Script v4 · On the chart

AMRS LongOnly PartTimer

by hasnocool· code credited to Part Timer

This strategy executes long-only entries based on moving average pullbacks relative to a 504-period high.

View on GitHub

GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code45
Settings6inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  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

45 lines of Pine Script v4 from AMRS_LongOnly_PartTimer.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

AMRS_LongOnly_PartTimer.pine
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Part Timer
//This script accepts from and to date parameter for backtesting. 
//This script generates white arrow for each buying signal
//@version=4
strategy("AMRS_LongOnly_PartTimer", overlay = true)
//i_endTime = input(defval = timestamp("02 Jun 2021 15:30 +0000"), title = "End Time", type=input.time)
StartYear=input(defval = 2000, title ="Start Year", type=input.integer)
StartMonth=input(defval = 01, title ="Start Month", type=input.integer)
StartDate=input(defval = 01, title ="Start Date", type=input.integer)
endYear=input(defval = 2021, title ="End Year", type=input.integer)
endMonth=input(defval = 06, title ="End Month", type=input.integer)
endDate=input(defval = 03, title ="End Date", type=input.integer)
ema11=ema(close,11)
ema13=ema(close,13)
ema21=ema(close,21)
afterStartDate = (time >= timestamp(syminfo.timezone,StartYear, StartMonth, StartDate, 0, 0))
//g=bar_index==1
//ath()=>
    //a=0.0
    //a:=g ? high : high>a[1] ? high:a[1]
    
//a = security(syminfo.tickerid, 'M', ath(),lookahead=barmerge.lookahead_on)
newHigh = (high > highest(high,504)[1])
//plot down arrows whenever it's a new high
plotshape(newHigh, style=shape.triangleup, location=location.abovebar, color=color.green, size=size.tiny)
b=highest(high,504)[1]
VarChk=((b-ema13)/b)*100
TrigLow = (low <= ema13) and (low >= ema21) and (VarChk <= 10)
plotshape(TrigLow, style=shape.triangleup, location=location.belowbar, color=color.white, size=size.tiny)
ExitPrice=(ema21 - (ema21*0.05))
DrawPrice=(b - (b*0.20))
stopprice=0.0
if (close <= ExitPrice)
    stopprice := ExitPrice
if (close <= DrawPrice)
    stopprice := DrawPrice
if (TrigLow and afterStartDate)
    strategy.entry("Long", strategy.long)
strategy.exit("exit","Long", stop=stopprice)
//beforeEndDate = (time < i_endTime)
beforeEndDate = (time >= timestamp(syminfo.timezone,endYear, endMonth, endDate, 0, 0))
if (beforeEndDate)
    strategy.close_all()
Expand (54 lines)

Overview

AMRS LongOnly PartTimer enters when price dips between the 13 and 21 EMAs while remaining within ten percent of the recent high. The script plots green markers on new highs and white markers on entry triggers directly on the price chart. Exits are handled through dynamic stops referencing the 21 EMA or a twenty percent drop from the high, alongside a backtest end-date cutoff.

Details

Published by

hasnocool on GitHub

Code credit

Part Timer, as written in the script's header

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Moving averages, Trend

Markets

Any symbol

Timeframes

Any timeframe

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.

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Start Yearint2000StartYear
Start Monthint01StartMonth
Start Dateint01StartDate
End Yearint2021endYear
End Monthint06endMonth
End Dateint03endDate
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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